Limitless chairman, Rashid Lootah, said that the company is conducting talks with banks as its due debts’ date of repayment approaches, Al Bayan newspaper reported.
Lootah said, Limitless is doing its best to abide with its commitments with banks, showing his confidence in banks cooperation if the company needed to extend payment period.
The company is studying some options that include selling land plots in Gebel Ali as it will start paying back $ 1.2 billion Islamic loan this year.