A Damas International senior executive said he and his brothers would within two years repay the jeweller for the US$165 million (Dh606m) in unauthorised transactions that forced one of them to resign as chief executive.
Tamjid Abdullah, the deputy managing director, and his brothers own more than half of Damas, will pay for the full value of the deals by using their own assets and properties.
“The assets which we brothers have can cover way more than that deficit,” he said in an interview yesterday.
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