The Financial Restructuring MENA Conference, hosted by Abu Dhabi Global Market (ADGM), under the strategic partnership of Bankruptcy Commission Saudi Arabia, convened large corporates, family offices, MENA’s largest banks by assets and key stakeholders to address corporate insolvencies and debt restructurings in the wider MENA region from the 15th to 16th March 2023 at the ADGM Authorities Building in Abu Dhabi.
Organized by GM Events, the conference served as a platform for enabling successful restructuring solutions for large corporates and family businesses in the current market conditions while fostering effective management of non-performing asset (NPA) portfolios of MENA’s banks.
The strategic MENA conference addressed some of the most vital topics including driving business profitability and asset health for MENA’s lenders by effectively managing NPA portfolios, driving financial restructuring and business turnarounds in highly leveraged and volatile markets, and developing mature NPL sales market in MENA.
ADGM and Bankruptcy Commission Saudi Arabia delivered keynotes focusing on promoting business continuity through business conducive regulations and evolving insolvency regimes that augmented corporate restructuring. This was followed by presentations, panel discussions and onstage interviews which included discussions on the biggest insolvency workouts in the MENA region and developing a mature NPL sales market in the region.
Discussions on the second day continued to focus on driving business turnarounds in volatile markets, the challenges and opportunities in MENA’s real estate sector and an onstage analysis of the ongoing billion-dollar plus financial restructuring of Azmeel Contracting Co. and concluded with discussions focusing on preparing corporates and banks for the turbulent market ahead.
The event was attended by regulatory authorities, large corporates and family offices, commercial banks, restructuring advisories, asset managers, law firms, hedge funds and distressed market investors among other key stakeholders.
The hike in interest rates by the US Federal Reserve, rising inflation levels and global macro-economic situation, combined with MENA’s central banks recently ending the targeted economic support schemes have the potential to trigger an uptick in corporate insolvencies and debt restructuring in the wider MENA region.
While MENA’s banks have exhibited remarkable resilience and stability during the entirety of the pandemic nevertheless, the current bag of challenges has the region’s banking sector on its toes, pushing them to adopt numerous proactive measures to mitigate potential downturn of events and restructure assets before these become NPAs.
Chief Executive Officer, ADGM Registration Authority, Abu Dhabi Global Market
U.A.E.
Secretary General, Bankruptcy Commission
Saudi Arabia
Group Chief Financial Officer, Binladin International Holding Group
Saudi Arabia
Chairman, Emerging Markets EMEA Citi
U.A.E
Group Chief Risk Officer, Al Rajhi Bank
Saudi Arabia
Business Restructuring Services Leader, PwC
U.A.E.
Executive Vice President, Head – Restructuring & Collections, Saudi National Bank
Saudi Arabia
Director and Chair of Restructuring Committee, NMC Healthcare,
U.K.
Senior Managing Director, Teneo
U.A.E
Group Chief Executive – Financial Restructuring, National Bank of Bahrain
Bahrain
General Manager, Special Assets Management, The Saudi British Bank
Saudi Arabia
Partner, Head of Asset Management, Resolute Asset Management
U.K.
Group Chief Executive Officer, Ahmad Hamad Al Gosaibi & Bros
Saudi Arabia
Chief Executive Officer, Sancta Capital
U.A.E.
Chief Executive Officer, Abu Dhabi National Hotels,
U.A.E
Head of Debt Restructuring, Banque Saudi Fransi
Saudi Arabia
Partner – Finance & Restructuring, Cleary Gottlieb Steen & Hamilton LLP,
U.K.
Director, Turnaround & Restructuing, AlixPartners,
U.A.E.
Managing Partner, Eyad Reda Law Firm
Saudi Arabia
Head of Remedial & Special Assets, Doha Bank,
Qatar
Partner, Oliver Wyman,
U.A.E.
Chief Emerging Market Economist Bloomberg,
U.A.E.
Director, Deloitte,
U.A.E
Managing Director, Ipso Facto Ltd
U.A.E.
Partner – Banking & Finance, Dentons,
U.A.E.
Chief Restructuring Officer, Azmeel Contracting Co.
Saudi Arabia
Group Chief Financial Officer, Azmeel Contracting Co.
Saudi Arabia
Partner, King & Spalding,
U.A.E.
Bankruptcy Trustee,
Saudi Arabia
Managing Director, Alvarez & Marsal,
U.K.
Head of Corporate Recovery & Litigation, The Saudi British Bank
Saudi Arabia
Partner, Hogan Lovells International LLP
U.K.
Senior Managing Director, Teneo
U.A.E
Head of Financial Restructuring, Kuwait Finance House
Bahrain
Partner, Cleary Gottlieb Steen & Hamilton LLP,
U.K.
Head of Restructuring Syndications, The Saudi British Bank
Saudi Arabia
Associate Managing Director, Global Restructuring Advisory, Kroll,
U.A.E.
Partner – Financial Industry Group, Reed Smith
U.A.E.
Chief Restructuring Officer, Drake & Scull International PJSC, Partner
Managing Partner, Mayfield Capital
U.A.E.
Financial Restructuring Manager, National Bank of Bahrain
Bahrain
Senior Reporter, Debtwire
U.A.E
Head of Financial Restructuring & Remedial, Emirates Islamic Bank,
U.A.E
Partner – Restructuring Advisory, Grant Thornton
U.A.E
| Ticket Options |
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| Corporates, Banks & Government Authorities: $250 + 5% Tax = $262.5 |
| Vendor Delegate – $2799 + 5% Tax = $2938.95 |
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