Logicom settles half of Dubai debtor amount

Logicom Pcl (LOG) has reached a payment settlement for the amount of CYP 1.38 mln owed by a one of its Dubai debtors. The amount will be repaid in instalments within a three-year period, with the debtor having provided LOG with guarantees for the payment of the amount.

Regarding the remaining amount of CYP 1.36 mln owed by two other Dubai debtors the Company is taking all the necessary measures and actions possible to recover this amount.