Financial and Banking News
LOANS AND ISSUES
AREG Reschedules a Further Dh280mn
The trading group, A.R.E. Galadari Brothers (AREG), based in Dubai, signed aDh281mn ($77mn) rescheduling agreement with nine creditor banks on 30 November.Dh237mn ($65mn) of the amount comprises principal payments on a syndicatedloan arranged in 1984 by Citibank, which are rescheduled over 12 years with whatis described as a 'preferential' interest rate. The remaining Dh44mn ($12mn)...