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Saudi Arabia
Inside Saudi Binladin Group's secret restructuring

Saudi Binladin Group headquarters in Jeddah in Saudi Arabia, on 9 May 2018.
Saudi Binladin Group headquarters in Jeddah in Saudi Arabia, on 9 May 2018. © Katie Paul/Reuters
The kingdom's ailing construction firm Saudi Binladin Group has chosen to resolve its creditor claims outside the courts rather than go through Riyadh's insolvency procedures. Saudi Finance Ministry, SBL's minority shareholder, has been overseeing a mediation process instead, drawing criticism from lawyers in the region. [...]
Reading time 3 minutes Michael Sweeney

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International Dealmaking

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