22.04.2010 - Tabreed to finish recapitalisation by 2010-end
From : National Central Cooling Company (Tabreed), the Middle East's largest cooling firm, will complete its recapitalisation plan by the end of the year and considering alternatives to the annual payments on Dh1.7 billion of sukuk due in 2011, a senior company official said. Chief Finance Officer Steve Ridlington said: "The firm has launched a recapitalisation process to achieve a stable long-term capital structure and anticipates addressing its debt maturities and raising new capital to support the execution of its business plan. The recapitalisation programme is expected to be completed this year."............................................Full Article: Source
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