KRTL BioTech

First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources

First Abu Dhabi Bank to auction Al Jaber's Dubai Shangri-La hotel: sources

First Abu Dhabi Bank (FAB) has started an auction process for a Dubai hotel operated by Shangri-La and owned by indebted construction group Al Jaber with a starting price of 700 million dirhams ($190.59 million), two sources said.