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Source:
أخبار الخليج
Court Orders Reorganization for 96-Year-Old Company
The bankruptcy court ordered the reorganization of a Bahraini company that is 96 years old after it defaulted on debts totaling 24 million Bahraini dinars. The court estimated that a recovery period of 16 years would be needed to achieve financial stability and reorganize the company, while preserving its economic and social entity and meeting the claims of creditors with amounts exceeding what would be paid in case of liquidation. The court emphasized the importance of the reorganization option in protecting the interests of all parties and supporting the continuity of the company's economic activity.
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