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Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal

Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal

  • It comes after successful negotiations over its $7.5 billion in debt since 2009 – a case many experts saw as a test for Saudi Arabia’s new bankruptcy law
By Arab News ·
The company, which acquired Reem Al-Bawadi, had made continuous losses since its stock exchange listing. (markaholding.com)

Dubai court begins Marka bankruptcy proceedings

By Arab News ·
Shale pioneer Chesapeake files for bankruptcy

Shale pioneer Chesapeake files for bankruptcy

By Reuters ·
Chile’s LATAM Airlines files for US Chapter 11 bankruptcy protection

Chile’s LATAM Airlines files for US Chapter 11 bankruptcy protection

By Reuters ·
Saudi Minister of Justice approves new bankruptcy case rules

Saudi Minister of Justice approves new bankruptcy case rules

By SPA ·
Forever 21 fashion chain files for Chapter 11 bankruptcy

Forever 21 fashion chain files for Chapter 11 bankruptcy

By AP ·
New Saudi bankruptcy law may resolve $22 billion Saad debt saga

New Saudi bankruptcy law may resolve $22 billion Saad debt saga

By Reuters ·
India’s bankruptcy reform languishes in courts three years on

India’s bankruptcy reform languishes in courts three years on

By Reuters ·
Once mighty US retailer Sears files for bankruptcy

Once mighty US retailer Sears files for bankruptcy

By AFP ·
Bankruptcy reforms ‘will spur Saudi Arabian investment’

Bankruptcy reforms ‘will spur Saudi Arabian investment’

By Richard Wachman ·
Special Bankruptcy bill seen boosting investment into Saudi Arabia

Bankruptcy bill seen boosting investment into Saudi Arabia

By Frank Kane ·
Small creditors use India’s new bankruptcy rules to put the squeeze on big players

Small creditors use India’s new bankruptcy rules to put the squeeze on big players

By Reuters ·
Air Berlin files for insolvency after Etihad withdraws support

Air Berlin files for insolvency after Etihad withdraws support

By Reuters ·

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