Saudi Arabia's AHAB group signs US$6 billion restructuring deal

Tom Rhys Davies and Kyriaki Karadelis

26 July 2016

Kingdom Tower in Al Khobar (Credit: iStockphoto.com/swisshippo)

Saudi Arabian family-run conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB), has signed a deal with several of its lenders to implement a US$6 billion restructuring plan, bringing the Arab region’s largest debt default a step closer to resolution.

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Tom Rhys Davies

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Kyriaki Karadelis