Press Release

Date: 
14-06-2016
Statement by 1MDB regarding IPIC and Aabar Submission of a Request for Arbitration
Statement by 1MDB regarding IPIC and Aabar Submission of a Request for Arbitration

1Malaysia Development Berhad (“1MDB”) notes that International Petroleum Investment Company (“IPIC”) and Aabar Investments PJS (“Aabar”) have submitted a Request for Arbitration to the London Court of International Arbitration.

1MDB and its legal counsel will review the request for arbitration once it has been served with a copy.

1MDB reiterates that, notwithstanding the dispute with IPIC, it has a strong liquidity position and is able to honour its current debt obligations.