Jordan's MECE receives Kuwaiti investor's support
- Jordan: Monday, March 18 - 2013 at 07:47
Kuwait's National Industries Group Holding has renewed its support for Jordan-based Middle East Complex for Engineering, Electrical & Heavy Industries (MECE), as 23 creditor banks said a previously approved debt rescheduling process is to be concluded in two weeks, Jordan Times has reported. Saad Al Saad, the chairman of National Industries, which owns 20% of MECE, said he was optimistic about the future of the complex. In November, the complex signed a JD129m debt rescheduling deal with 23 local banks. MECE is a producer, distributor, trader and exporter of home appliances.
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