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Maridif Extends $245M Loans to 2030
Maridive Company has agreed to restructure part of its debt amounting to $245 million until the end of 2030, through scheduling the repayment of loan balances to Egyptian and foreign banks. The plan includes transferring the mortgage on 24 offshore vessels as collateral, with banks exiting their previous guarantees. This move aims to reduce the debt burden and improve the company's financial liquidity. It is part of the company's efforts to strengthen its financial position and organize its outstanding debts.
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