(MENAFN) Al Madina for Finance and Investment announced it has signed a settlement deal to pays its debt to Global Investment House, Gulf News reported.
The settlement deal states that Al Madina will pay their debt which amounts to USD10.1 million within 60 days to Global Investment House.
The company said the payment of the debt will have an effect on their October-December financial results. They also said that the debt represents 23 percent of their total debts.
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