Cairo - Mubasher: Maridive and Oil Services Co. announced Tuesday that its board of directors approved the credit facilities proposed by Abu Dhabi Islamic Bank (ADIB).

The credit facilities will amount to $225 million, said a bourse statement.

This move is aimed to restructure Maridive's current and short-term credit facilities.

Maridive reported earlier a decrease of 50.3% in unconsolidated profits for the first nine months of 2015.