Saudi's Algosaibi says to put revised debt proposal to creditors

April 21, 2015 12:13 PM

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DUBAI, April 21 (Reuters) - Saudi Arabia's Ahmad Hamad Algosaibi and Brothers (AHAB) said on Tuesday it will put an improved offer to its creditors in the coming weeks in a fresh attempt to reach a settlement.

The family conglomerate collapsed in 2009 along with Saad Group, a separate Saudi business empire led by Maan al-Sanea, since when the two have been battling over who was to blame for the issues which affected their respective conglomerates.

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