Tuesday 22 July 2014

Damas to complete repayment in 3 years

Dubai-based jeweller Damas International aims to sell some assets of its founders within three years as part of a 600 million dirham ($163.4 million) repayment agreement, the company's CEO said. Damas said in May it had signed a repayment


Damas extends payment date for founders

Jeweller Damas International said on Monday that it has extended the payment date for 400 million dirhams ($108.9 million) owed by its founders, the Abdullah brothers, by a month. The Dubai-based jeweller said in a statement to Nasdaq Duba

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