24.05.2011 - Kuwait's Aayan signs $744mln restructuring deal
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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