SHUAA Capital buys out Stanford Marine Group’s debt

 SHUAA Capital buys out Stanford Marine Group’s debt
The United Arab Emirates-based asset management firm SHUAA Capital has completed a buyout of Stanford Marine Group’s AED1.13 billion ($308 million) debt as part of a restructuring exercise. The transaction provides a cash recovery to Stanford Marine’s lenders and saves more than 1,800 jobs, SHUAA Capital said in a statement. […]
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Aman Malik

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