Dec. 26 (Bloomberg) -- Saad Group offered Kuwaiti lenders 20 cents for each dollar it owes them, Al-Qabas reported, without saying where it got the information.
Some lenders said they would accept 30 cents on the dollar and others sought 40 cents, according to Al-Qabas. The newspaper did not name the Kuwaiti creditors or the values of Saad Group’s debts under discussion.
To contact the reporter on this story: Dahlia Kholaif in Kuwait at email@example.com
To contact the editor responsible for this story: Shaji Mathew at firstname.lastname@example.org