Dubai-listed conglomerate Gulf General Investment Co(GGICO) said on Monday it expected to complete a restructuring of around Dhs2.36bn ($643m) in loans by next month.
The firm, which has investments spanning financial services, property, hospitality, manufacturing and retailing, previously renegotiated Dhs2.8bn in financial commitments in 2012.
But the subdued local economy prompted the company to revisit that debt restructuring last year.
A new restructuring plan is being discussed with a committee of banks tasked with…
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