The company has around $6bn of claims against it collapsed in 2009 By Reuters 51 mins ago Ahmad Hamad Algosaibi and Brothers (AHAB) have signed a deal with a committee representing creditor banks to restructure the Saudi Arabian family conglomerates debt pile, it said in a statement on Monday. This is the latest move to resolve one of the Middle Easts longest-running debt disputes. Bankruptcy law is opaque and untested in Saudi Arabia, part of the reason for the uncertainty surrounding the process and why the restructuring of AHAB has lasted for so long. AHAB has around SAR 22.5bn ($6bn) of claims against it after the hospitality, food and real estate group collap… Read the full article at: http://gulfbusiness.com/saudis-algosaibi-signs-deal-drawn-restructuring/ Category: RestructuringBy Insolvency GuardianJuly 25, 2016Post navigationPreviousPrevious post:Woolworths to cut 500 jobs in billion-dollar corporate restructure – ABC OnlineNextNext post:‘SYSTEMATIC PLUNDER’: The report on the collapse of UK retailer BHS is out and it is damning – Business Insider AustraliaRelated PostsReal estate businesses seek restructuring of overdue, coming due bonds – Viet Nam NewsJuly 17, 2024SK Ecoplant to merge tech unit for group restructuring – Korea Economic DailyJuly 16, 2024Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish TimesJuly 16, 2024Over 200 jobs saved so far this year through small business restructuring process – Irish ExaminerJuly 15, 2024Atos secures funding for rescue plan, lives to fight another day – The RegisterJuly 15, 2024McGrathNicol celebrates twenty years in business recovery – Consultancy.com.auJuly 13, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish TimesJuly 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish ExaminerJuly 15, 2024
