Shareholders of Kuwait's Global Investment House (GLOB.KW) approved a restructuring deal on Tuesday to transfer its main investments and real estate assets to two new units.
FINANCIALS
Global reached a deal with creditors last month to reschedule $1.7 billion in debt, and entered into new three-year facilities with each of its 53 lending banks. [ID:nGEE5B90V7]
Global is one of the largest investment companies in the Gulf Arab state facing problems amid tight credit conditions.END
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