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Al Jaber CFO resigns amid debt talksThe chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion debt restructuring, has resigned, two sources aware of the matter told Reuters on Wednesday. Richard Hollands, who joine More… |
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Al Jaber, top creditors agree debt terms: sourcesAbu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o More… |
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Al Jaber close to debt standstill dealAbu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday. Al Jaber, a family-owned More… |
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Al Jaber in top management reshuffleAl Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son, three sources told Reuters. A recruitment firm has been retained to bring in a n More… |
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Al Jaber sponsors Qatar Projects 2012Al Jaber & Partners (AJP), part of the Al Jaber Group – UAE and one of Qatar’s leading infrastructure and energy contractors is a bronze sponsor of Qatar Projects 2012, a leading energy and infrastructure event. Qatar Projects takes pl More… |
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$494m Lusail City development on trackThe QR1.8 billion ($494 million) Lusail City Development Project, which started in May 2008, is on schedule to take 43 months to complete, said Al Jaber & Partners (AJP), one of Qatar’s leading infrastructure and energy contractors. Th More… |
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Al Jaber posts 19m hours accident freeQatar-based Al Jaber & Partners (AJP), a leading infrastructure and energy contractor, has been awarded the highest safety record to date by Shell for 19 million hours incident and accident free. “We are delighted to receive the Award More… |
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Al Jaber and creditors meet on restructuringAbu Dhabi's Al Jaber Group held an all-lender meeting on Wednesday to discuss the contracting firm's debt restructuring, two sources familiar with the matter said. Al Jaber set up a banks' committee earlier this year to map out debt restru More… |
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Al Jaber diversifies into aircraft managementAl Jaber Aviation (AJA), a leader in VIP aviation and part of the Abu Dhabi-based Al Jaber Group, launched its foray into aircraft management, sales, consultancy and acquisition. As part of the aircraft management portfolio, AJA will act a More… |
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Banks' committee set up for Al Jaber's debtA banks' committee to thrash out a debt restructuring with Abu Dhabi construction firm Al Jaber Group has been appointed, the logical next step towards agreement on a debt deal. The company said in a statement it intends to reschedule cert More… |
