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Saad picks adviser on $6bln debt talks

Posted on 26 June 2009

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

 
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