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Acwa Power inks debt restructuring deal for Turkish affiliateAcwa Power, a leading Saudi developer of utility projects, has announced that it has, along with its related subsidiary entities, reached a debt and ownership restructuring agreement with the lenders and minority shareholders of its Turkish af More… |
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Deloitte plays key role in Saudi group's $2bn debt restructuringDeloitte, a leader in professional services with a major presence in Middle East, was appointed by Azmeel Contracting & Construction Corporation as restructuring advisor to prepare a business plan, a restructuring proposal compliant with t More… |
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Deloitte plays key role in Saudi group's $2bn debt restructuringDeloitte, a leader in professional services with a major presence in Middle East, was appointed by Azmeel Contracting & Construction Corporation as restructuring advisor to prepare a business plan, a restructuring proposal compliant with t More… |
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The Sultan Center completes debt restructure planKuwait-headquartered supermarket chain The Sultan Center (TSC) has entered into an agreement with the National Bank of Kuwait (NBK) and Al Ahli Bank of Kuwait (ABK) to restructure KD76.6 million ($254 million) of Sultan’s debt, achieving a More… |
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Union Properties seals $258m debt restructure deal with ENBDDubai-based Union Properties said it has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED946 million ($258 million) debt with the bank along with payment of the initial amount as per the new More… |
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Union Properties in final stages of debt restructuring dealUnion Properties, one of the largest real estate development companies in the UAE, said it is in the final stages of a comprehensive debt restructuring process. The restructuring agreements are expected t More… |
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DXB Entertainments inks $1.14bn debt restructuring dealDXB Entertainments, the Dubai-based leisure and entertainment company and operator of emirate's theme parks, said it has reached an agreement with creditors to restructure Dh4.2 billion ($1.14 billion) in debt linked to the Phase I of the pr More… |
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Al Jaber nears $1.6bn debt restructuring dealAbu Dhabi-based Al Jaber Group, a leading provider of services in the construction, heavy lifting, logistics and industrial sectors, is nearing a deal to restructure around Dh5.75 billion ($1.6 billion) in debt this month, said a report. More… |
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Al Jaber nears $1.6bn debt restructuring dealAbu Dhabi-based Al Jaber Group, a leading provider of services in the construction, heavy lifting, logistics and industrial sectors, is nearing a deal to restructure around Dh5.75 billion ($1.6 billion) in debt this month, said a report. More… |
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Drake and Scull posts $98m Q3 lossDrake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects. More… |
