Blue City facing liquidation?
Read Black cloud hangs over the future of Oman's Blue City in today's edition of The National, published in Abu Dhabi.
Apparently, the board of Al Sawadi Investment and Tourism Company (ASIT) has called a meeting for investors to vote on “dissolution of the company and filing subsidiaries.” The article says that the meeting has been postponed until Monday, pending last-minute proposals on restructuring from some Class A bondholders.
Apparently, the board of Al Sawadi Investment and Tourism Company (ASIT) has called a meeting for investors to vote on “dissolution of the company and filing subsidiaries.” The article says that the meeting has been postponed until Monday, pending last-minute proposals on restructuring from some Class A bondholders.
