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GGICO inks $584m debt restructuring dealDubai-based Gulf General Investment Company (GGICO) said it has completed a Dh2.1-billion ($584 million) debt restructuring after reaching an agreement with the majority of its creditors. Established in 1 More… |
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GGICO inks $584m debt restructuring dealDubai-based Gulf General Investment Company (GGICO) said it has completed a Dh2.1-billion ($584 million) debt restructuring after reaching an agreement with the majority of its creditors. Established in 1 More… |
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End to Saudi Algosaibi debt saga inches closerOne of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented a revised restructuring plan. More… |
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Limitless debt deal held up by minority creditorsA minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said. The More… |
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Dubai World allowed debt restructure outside courtState-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal, according to a document on the court's website. The action allows lawyers for the c More… |
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Dubai World $14.6bn debt deal vote on March 17The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i More… |
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Dubai World 'has lender support for $14.6bn restructure'Dubai World has reached formal agreement with a substantial majority of creditors on its proposal to amend and extend the terms of its outstanding debt totalling $14.6 billion, the state-owned conglomerate said on Monday. The comp More… |
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Investment Dar eyes second debt-for-assets deal by MarchInvestment Dar, the Kuwaiti firm best-known for its stake in luxury carmaker Aston Martin, hopes to complete a second debt-for-assets deal with creditors by the end of March, it said in a bourse statement on Tuesday. The sharia-co More… |
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Awal Bank creditors discuss key issuesKey meetings of creditors of Bahrain-based Awal Bank have been held in Bahrain and London, according to sources. The meetings were called by law firm Charles Russell, acting as external administrator, said the sources to the G More… |
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Dubai World inks restructuring deal with top creditorsDubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on Wednesday. However, Sheikh Ahmed bin Saeed al More… |
