Kuwait's Global Investment House has received the backing of "an overwhelming majority" of creditors for its debt restructuring plan, the company said in a statement on Monday.
The restructuring, its second in three years, was approved by creditors representing 96.7 percent by value and 90.9 percent by number at a meeting in Dubai earlier on Monday, a company filing to the London Stock Exchange said.
A court hearing has been scheduled for December 3 to grant final legal approval to the restructuring plan, it added, and the agreement will take effect on that date or soon after if the court assents.
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