Quoting informed sources at KFH (a 30.72% shareholder), Issa Abdul Salaam at AlQabas reports that KFH is on the verge of concluding the restructuring of GIH's debts. The Company has reportedly had success in negotiations following a repayment of part of its past due obligations and is expected to convert short term loans to long term.
Tuesday, 6 July 2010
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