Al Jaber Group, one of the UAE’s largest contractors, has appointed a banks’ committee in a first step towards agreeing a debt deal, the company said in a statement Sunday.
The company said it intends to restructure certain debts, without specifying which.
In December, it was reported the firm had asked 330 creditor banks to delay payments by one year on around AED6bn ($1.6bn) of debt.
No comments:
Post a Comment