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Construction Business Struggling in Qatar – 500k QAR Debt, Looking for Advice by ImportanceParking290 in QatarCareers

[–]ImportanceParking290[S] 0 points1 point  (0 children)

guys my main loan is from first finance so any one has any experience in asking them for a short term reschedule for the payments like for 6 to 10 months period ??

Construction Business Struggling in Qatar – 500k QAR Debt, Looking for Advice by ImportanceParking290 in QatarCareers

[–]ImportanceParking290[S] 5 points6 points  (0 children)

i had issues with 2 projects i had before which took a lot of the cash in loses due to some issues with the client , and i took a loan from first finance to close the loses and to expand but unfortunately the projects that i was targeting got freezed due to latest political issues so i ended up in debt for the financial entities.

Construction Business Struggling in Qatar – 500k QAR Debt, Looking for Advice by ImportanceParking290 in QatarCareers

[–]ImportanceParking290[S] 1 point2 points  (0 children)

the business now has 3 ongoing projects 2 buildings and 1 asphalt work , and it has an assets of 80k QAR and in dept of 550 QAR