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Damas aiming to sell assets within three years

Anan Fakhreddin, CEO of Damas International has said the Dubai-based jeweller aims to sell some assets of its founders within three years as part of a Dhs600m ($163.4m) repayment agreement, Reuters has reported. "We're hoping that (the assets can be sold) within three years," Fakhreddin told the news service. The firm said in May it had signed a repayment agreement with its founding Abdullah brothers and creditors that cleared the way for selling certain assets of the founders.