A group of investment vehicles owned by a Bahraini bank are seeking US bankruptcy protection to shield more than $200 million from Saudi Arabia's Ahmad Hamad Algosaibi and Brothers, agency reports say.
Awal Finance Company, a
Key meetings of creditors of Bahrain-based Awal Bank have been held in Bahrain and London, according to sources.
The meetings were called by law firm Charles Russell, acting as external administrator, said the sources to the G
A multi-billion dollar financial dispute that followed the collapse of two Bahraini banks continues to make ripples around the world.
Now, more than four years later, some creditors are being offered a fi
Leading IT services provider, Awal, recently participated as the technical sponsor at MedExpo Saudi Arabia 2013.
The event was held under the patronage of Prince Mishaal bin Majed bin Abdulaziz, governor of Jeddah, and supported b
Awal, a leading IT services provider and a subsidiary of Saudi Telecom Group, participated as technical sponsor at the recently concluded Jeddah Economic Forum 2013 at the Hilton Hotel in Jeddah.
Awal's involvement in the even
Awal IT Services, a leading IT services provider, participated as the technical sponsor in Jeddah Economic Forum 2012 organised by Jeddah Chamber of Commerce and Industry from March 3 to 6 in Jeddah.
Dr Tawfiq Alrabiah, Minister of Commerc
Awal, a leading IT services provider in Saudi Arabia, participated as technical sponsor of the third edition of the recently concluded Deco Fair, the décor and home accessories exhibition in Jeddah.
The event at the Jeddah International Ce
Leading IT services provider Awal has announced that it will participate as the official ICT sponsor at the 2nd GCC Organ Transplantation Congress to be held from October 3 to 6.
The event will be held at the King Faisal Conference Hall in
Al Ramz Securities, one of UAE’s leading brokerage houses, has entered into a partnership agreement with CNBC-Arabia in cooperation with Awal IT Services, the company said.
The agreement was signed by Mohammad Murtada Al Dandashi, partner
The Central Bank of Bahrain gave its financial sector overall a clean bill of health but said Awal Bank, which is controlled by Saudi billionaire Maan Al-Sanea either directly or through Saad Group, has sought to restructure its debt.