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Kuwait’s Aref Group strikes debt restructuring deal

Thu, 2010-11-11 11:12 — newsdesk

Aref Investment Group signed an agreement with creditor banks to restructure a one-billion-dollar debt.
The deal allows the group to repay the debt over five years with an 18-month grace period.

Source: 

http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2010/Nov...