Saudi Cable’s FRP to fulfill creditor rights: CEO
Saudi Cable Co.’s financial restructuring procedure (FRP) will help it fulfill the rights of creditors and ensure the continuity of its business, said CEO Nael Fayez.
In an interview with Argaam, Fayez indicated that there is a fundamental difference between financial restructuring and liquidation, as the latter involves selling assets to repay creditors without taking into account the continuity of business…
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