Friday 26 August 2016
 
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liquidation

Moroccan refiner appeals court decision on liquidation

Moroccan oil refiner Samir has lodged an appeal against a court decision to put it into liquidation and named an independent trustee to run the company, the refiner's lawyer said on Friday. Samir, controlled by Corral Petroleu

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Payout delay agony for Bahrain Air staff

Today (February 12) marks the second anniversary of Bahrain Air going into liquidation, leaving hundreds of employees without a job and thousands of customers out of pocket. Millions of dinars are still owed by the former airline,

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Bahrain firm allays fears of homes seizure

A Bahrain company that went into voluntary liquidation has reassured its customers that there will be no home seizures or foreclosures. Sakana Holistic Housing Solutions last week confirmed it was shutting down because its busines

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Sakana Housing goes into liquidation

Bahrain-based Sakana Holistic Housing Solutions has gone into voluntary liquidation, a report said.. The decision was announced via the Industry and Commerce Ministry's Business Investors Centre, the Gulf Daily News report sai

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Bidding 'war' for closed Waitrose outlets

A bidding war is underway for six former Waitrose outlets in Bahrain after the supermarket's regional partner announced it was going into liquidation. Supa Save Bahrain, which ran the country's Waitrose shops under franchi

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Liquidation of Saudi Integrated Telecom ordered

Saudi retail investors face hefty losses after a royal decree ordered the liquidation of Saudi Integrated Telecom Co (SITC), which floated its shares in an initial public offer (IPO) in 2011 but never started ope

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Ministry to help ex-staff of Bahrain Air

Bahrain’s Labour Ministry is aiming to find employment for Bahrain Air staff who lost their jobs when the airline went into voluntary liquidation, a report said. A total of 345 workers were affected when the company announce

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Ministry to help ex-staff of Bahrain Air

Bahrain’s Labour Ministry is aiming to find employment for Bahrain Air staff who lost their jobs when the airline went into voluntary liquidation, a report said. A total of 345 workers were affected when the company announce

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Bahrain Air sued over liquidation

A leading shipping and logistics firm has filed a case in Bahrain’s High Civil Court against the decision of Bahrain Air to enter voluntary liquidation. Logistics and shipping firm Almoayed Wilhelmsen argues the airline shou

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Bahrain Air payout dispute ends

Former Bahrain Air employees, who were laid off when the airline went into liquidation, received the first instalments of their severance packages yesterday. The remaining 60 per cent is due to be paid once the company sells off its assets.

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