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Kuwait’s Aayan signs $744mln restructuring deal

Posted on 24 May 2011

Kuwaiti Islamic firm Aayan Leasing and Investment Co on Monday signed a KD205m ($743.6m) debt restructuring deal with creditors. This amount is 62 percent of the Aayar’s total debts, it said in a statement.
The firm, which was hit during the global financial crisis, has signed an agreement with nine creditors, seven of which are local, including Kuwait Finance House , Burgan Bank and Gulf Bank ……………………………………….Full Article: Source

 
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