Wednesday 10 February 2016
 
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Algosaibi

End to Saudi Algosaibi debt saga inches closer

One of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented a revised restructuring plan.  

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New website celebrates life of top literary figure

Ghazialgosaibi.com, a memorial website dedicated to the late and admired literary and political figure Dr Ghazi Algosaibi, has added a new and insightful academic research to the site highlighting the statesman’s life’s work in the

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Saudi's Algosaibi outlines new debt proposal to creditors

Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) is offering creditors a minimum return of 28 cents on every dollar owed under an enhanced proposal to end one of the Middle East's largest ever debt restructurings.

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Saudi's Algosaibi to put new debt proposal to creditors

Saudi Arabia's Ahmad Hamad Algosaibi and Brothers (AHAB) said on Tuesday it will put an improved offer to its creditors in the coming weeks in a fresh attempt to reach a settlement. The family conglomerate collapsed in 2009 al

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Algosaibi Travel launches new online portal

A Bahrain-based travel agency has launched what it claims is a first-of-its-kind travel portal for the region, pitting it against the likes of bookings.com. “BookNow.bh only offers quick and easy access to the very best deal

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Algosaibi says creditors' committee formed

A steering committee of creditors of Saudi Arabian conglomerate Ahmad Hamad Algosaibi and Brothers (Ahab) has been formed to negotiate its debt restructuring, Algosaibi said on Tuesday. The committee comprises representatives from

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Algosaibi assures banks minimum 20pc recovery

Saudi Arabian family conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB) today outlined a comprehensive settlement proposal to a group of banks and other financial institutions with claims against it that would see them repaid a minimum of

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Algosaibi seeks truce in debt dispute

Long-stalled talks on one of the Middle East's largest debt restructurings are due to resume in Dubai on Wednesday, though those involved in the process are cautioning any agreement to pay out even a small amount of the cash owed to creditor

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Algosaibi estimates assets at a fraction of claims

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB) estimates its assets are worth less than a quarter of about $5.9 billion in claims made against it, a spokesman said as the group prepares a proposal to end one of the Middle

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Saudi's Algosaibi calls creditor meeting in May

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7 to discuss a proposed settlement of billions of dollars of unpaid debt, commercial bankers said on Monday. Th

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