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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Saad unveils more debt restructuring

Posted on 11 June 2009

From Gulfnews.com: The Saad Group, owned by the Saudi businessman Maan Al Sanea, has announced new debt restructuring plans at a time when family companies in Saudi Arabia are struggling to keep afloat.

In a press release, the group said that it had appointed Lawrence Graham law firm to work with, BDO Capital Finance to restructure the company’s obligations and liabilities towards the Bahrain-based Awal Bank which is owned by the Group……..Full Article: Source

 
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