| From Tradearabia.com: Bahrain-based The International Banking Corporation (TIBC) has already met its creditors to request a temporary standstill period, the troubled Saudi Ahmad Hamad Algosaibi & Brothers Company (AHAG) has said.
In a statement yesterday, AHAG said the purpose of the standstill period at its subsidiary is to enable TIBC's external advisers, AHAG and its external advisers to continue gathering, reviewing and assessing information regarding TIBC's financial commitments and future outlook.........Full Article: Source
|