(MENAFN) Abu Dhabi-based conglomerate Al Jaber Group said that it has signed a debt restructuring deal with its bank creditors, according to Gulf Daily News.
No figure for the amount of debt renegotiated was given in yesterday's statement, but bankers had said it was in the region of USD4.5 billion.
Group chairman Obaid Khaleefa Al Jaber Al Marri said: "This is a great milestone for both the group and the banks."
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