Citing informed sources, AlQabas reports that the meeting held yesterday among AHC's creditor banks did not reach agreement on a restructuring after discussion of the company's current situation and the possibility to restructure. It's therefore expected that AHC might be the first Kuwaiti company to declare bankruptcy.
Just a caveat, there are several companies that use the word Abraj (Towers) or Alabraj (The Towers). This is the Kuwaiti Company, AlAbraj Holding Company.
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