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.

Subscribe to Global Restructuring Review

Subscribe & start reading now!

GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.

Subscribe now

Already have access? Login below

Tom Rhys Davies

View full biography

Author

[email protected]

Kyriaki Karadelis