Sept. 28 (Bloomberg) -- Damas International Ltd., a Dubai- based jewelry maker and retailer, said it signed several agreements to recover more than 337 million dirhams in outstanding payments.
“We have created a taskforce to focus on financial recoveries for the company,” Chief Executive Officer Anan Fakhreddin said in a statement to Nasdaq Dubai today. “This is a positive step in our ongoing restructuring and we are ensuring that we allocate sufficient resources to recover outstanding dues owed to us.”
To contact the reporter on this story: Shaji Mathew in Dubai at email@example.com
To contact the editor responsible for this story: Andrew J. Barden at firstname.lastname@example.org