Ahmad Hamad Algosaibi and Brothers (Ahab) has signed a deal with a committee representing creditor banks to restructure the Saudi Arabian family conglomerate's debt pile, it said in a statement on Monday.
This is the latest mo
Ahmad Hamad Algosaibi & Brothers (Ahab) has recently written to a large number of financial institutions with claims against it to confirm the amounts that Ahab is willing to acknowledge for the purposes of the settlement process it initiate
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.
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
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.
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
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
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
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
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