From Tradearabia.com: Saudi Arabia’s Saad Group has embarked on the complex restructuring of its $6 billion debts, with Abu Dhabi Commercial Bank one of the most highly exposed to the troubled company.

Saad has put forward Credit Suisse as an adviser to its bank lenders, a source with knowledge of the situation said, and it now faces the task of negotiating with dozens of lenders in the region and across the world……..Full Article: Source