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AHAB considers Chapter 11 filing after second Saudi restructuring bid rejected

By Declan Bush

17 April 2019

Saudi conglomerate Ahmad Hamad Algosaibi & Brothers is exploring appeals and a possible Chapter 11 filing after a court rejected its second application to restructure under Saudi Arabia’s new insolvency law.

AHAB considers Chapter 11 filing after second Saudi restructuring bid rejected Riyadh, Saudi Arabia. (Credit: iStock.com/Andrew Marcus)