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ALDEERA
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.
Source:
Mubasher Exclusive