By: Ahmad Awad

Kuwait-Mubasher: Al-Deera Holding is still negotiating with creditors to restructure KWD 27 million ($89.23 million) debts, said chairman Talal Al-Bahar.

The debts are due to foreign banks mainly, along with local banks, Al-Bahar added during the company’s ordinary general meeting held on Monday.

The chairman noted the debt settlement plan may involve assets owned by Al-Deera. He added that the the Kuwaiti multi-sector company is considering a restructure of its entire investments.