Saudi Cable expects debt restructuring by Oct. 11

01/07/2015 Argaam

Saudi Cable Company expects legal documents for the restructuring of its debts with its main lenders, Alrajhi Bank, National Commercial Bank, and Bank Aljazira, to be ready by Oct. 11, the company said in a statement to Tadawul on Tuesday.

 

In April, Saudi Cables signed an agreement with the three banks to restructure SAR 640 million of debt.

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