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Algosaibi signs grant agreement with Ebdaa BankAlgosaibi Holding Group, a leading investment company in the region, has signed a grant agreement with Ebdaa Bank, as a nonprofit social financing, that seek to help low-income Bahraini make their way to business. This grant of BD More… |
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Algosaibi signs debt restructure deal with steering groupAhmad 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 More… |
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Algosaibi to acknowledge claims for settlementAhmad 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 More… |
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End to Saudi Algosaibi debt saga inches closerOne 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. More… |
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New website celebrates life of top literary figureGhazialgosaibi.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 More… |
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Saudi's Algosaibi outlines new debt proposal to creditorsSaudi 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. More… |
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Saudi's Algosaibi to put new debt proposal to creditorsSaudi 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 More… |
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Algosaibi Travel launches new online portalA 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 More… |
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Algosaibi says creditors' committee formedA 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 More… |
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Algosaibi assures banks minimum 20pc recoverySaudi 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 More… |
