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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

GIH reaches deal to restructure its debt

Posted on 21 October 2009

From Business24-7.ae: Kuwait’s Global Investment House (GIH) has reached a deal with its creditors to restructure and reschedule its debt.
The investment firm, which held a meeting in the UAE with its creditors on Monday, is expected to sign the final deal before the end of November, daily newspaper Al Watan said. Global defaulted on most of its debt earlier this year…………………..Full Article: Source

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