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Global Trade Alert

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Saudi Arabia: Alleged discrimination of foreign creditors in the restructuring of Saad and Algosaibi

Description

Apparently, the two conglomorates Saad and Ahmad Hamad Algosaibi Brothers have reached a settlement with Saudi banks in late September 2009 while "no apparent procedures are being used" for the resol...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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