Malaysia’s AirAsia X is accelerating expansion into the Middle East as it targets up to $600 million in debt restructuring following the consolidation of all AirAsia-branded airlines under a single platform
Debt restructuring
Latest in Debt restructuring
Debt restructuring
Union Properties repays $78.9mn of debt in the first quarter
The real estate company intends to repay AED966 million to lenders during FY2024 as part of its debt restructuring plan
Debt restructuring
Dubai’s Union Properties agrees to $162 million debt restructuring plan
The plan comes as part of a wider corporate turnaround strategy
Abu Dhabi Commercial Bank
ADCB in plans to sell $1 billion of bad debt to clean up corporate defaults
The emirate’s second-largest lender, has been “tied up” in restructuring talks and has been forced to write down the value of many of the loans, according to Bloomberg
business strategy
Resurrection: The sustainable turnaround approach for latent zombies
This second of the two-part series examines zombie companies, their impact on stakeholders and the overall economy, as well as suggestions on what actions stakeholders should take to achieve a sustainable turnaround for a latent zombie and a path to future growth
bad debts
Safely negotiating the debt restructuring path
A failure to fully prepare and focus on the details that may be needed throughout the process may lead into unexpected problems, delays in securing a successful debt restructuring solution or even a bad deal
Abu Dhabi Commercial Bank
Rothschild taps Argentina crisis veteran for Mideast turnarounds
Esteban Buljevich, who’s retiring as group head of special assets and restructurings at ADCB, will join Rothschild Middle East and assume the position of vice-chairman for debt advisory and restructuring
commercial shipping
Dubai shipping major completes $54m debt restructuring
Gulf Navigation Holding says working on reaching an agreement with the majority of lenders on new and flexible terms
Debt restructuring
Dubai developer Limitless may take close to two decades to complete restructuring
Limitless was once the poster child for Dubai’s meteoric rise on the global property and finance scene
Binladin International Holding
Saudi giant Binladin set to update lenders on transformation plan
Binladin International Holding Group CEO says eyeing ‘substantial market opportunities’ in the Gulf kingdom
Cash flow problems
S&P says Qatar developer Ezdan faces restructuring, default risk
Ratings agency expects Ezdan’s operating performance to “improve slightly” in 2021-2022, but not enough to materially reduce the very high leverage
Binladin Group
Saudi Binladin Group said to seek financial advisors for debt restructuring
Sources have told Reuters the debt amounts to $20-$30bn
Debt restructuring
Lebanon should consider debt restructuring, says Franklin Templeton
A debt overhaul needs to be part of a reform programme backed by lenders such as the International Monetary Fund, according to Franklin Templeton Investments
Debt restructuring
India’s central bank to allow banks restructure stressed loans to small firms
As much as $18.7 billion of loans made to small firms are stressed, according to data
