Al Jaber to agree debt deal by year-end, says COO - Construction - ArabianBusiness.com

Abu Dhabi’s Al Jaber Group expects to reach a deal with creditor banks to restructure more than $1bn in debt before the end of the year, the company’s COO said Wednesday.

The privately-held firm set up a banks' committee earlier this year to thrash out a debt deal after it announced talks with lenders to discuss the terms of its facilities.

“We are not restructuring, we are just rescheduling some existing debts,” Fatima Al Jaber told Arabian Business on the sidelines of the Leaders in Construction Summit in Dubai.

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