Monday, 28 March 2011

Dubai's Damas says completed $872 mln debt restructuring - Maktoob News

Middle East jeweller Damas International said on Monday it has reached a final agreement with all its lenders and completed the restructuring of its $872 million debt.

"The financial restructuring is done," its chief executive Anan Fakhreddin told Reuters over the telephone from Riyadh.

"We've reached 100 percent restructuring of our debt."

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