Drydocks World, a unit of Dubai World, said a proposed $2.2 billion loan deal with lenders expected to be completed by the end of April.
'Discussions (with banks) are still ongoing and it has not been completed yet,' Khamis Juma Buamim, chairman of Drydocks World said on Tuesday.
'I can't confirm if we will reach a restructuring agreement this year,' he added, when asked if he was confident an agreement would be struck before the loan comes due in November.
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