AlQabas reports that Global reached agreement on the restructuring with its lenders 6 December. A formal signing ceremony is slated for 10 December to be accompanied by a party and press conference. The Governor of the Central Bank of Kuwait, Shaykh Salim AbdulAziz AlSabah, has been asked to attend.
You'll recall that in yesterday's post on Global Ms. AlGhunaim had said that GIH had reached agreement with all but two of its creditors.
Good news for Global.
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