Announcement
01 Sep 2009
Numerous and consistent press reports indicate that a Saudi government panel has brokered a debt restructuring agreement for two Saudi companies that may discriminate against the interests of foreign creditors.
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Number of interventions
1
0 certainly harmful
1 likely harmful
0 liberalising
List of interventions
0 in force
Implementation date
No implementation date
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
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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