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KM Financial Solutions | Gulf General Investment Company in talks to restructure debt
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Gulf General Investment Company in talks to restructure debt

31 Mar Gulf General Investment Company in talks to restructure debt

Posted at 07:39h in News by
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DUBAI, April 1 (Reuters) – Gulf General Investment Company
(GGICO) is in talks with lenders to restructure loan
and credit facilities after defaulting on a payment linked to
2.15 billion dirhams ($585.5 million) of debt at the end of last
year, the Sharjah-based firm said on Sunday.

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