Navigating the rising wave of large corporate insolvencies

Host Partner

strategic partner

International Financial Institutions Partner

Event Overview

The era of unusually cheap credit followed by the Fed continuing to further tighten the market has started showing causalities worldwide, on scales previously seen during the 2008 financial crisis. In the first seven months of the year alone, the US has witnessed over 120 big bankruptcies, with a 360% surge in troubled bonds and loans in the country since 2021. Worldwide 15% of the corporate bonds and loans trading at distressed levels, currently in excess of USD 590 bn, have defaulted highlighting grave impacts for the global economy as these corporates, owing over half a trillion dollar, are faultering and showing signs of nonpayment.

As commercial real estate takes the biggest hit with distressed debt exceeding USD 168bn and private equity owned companies struggle under distressed debt of over USD 70 bn – a result of floating interest rates and a failure to hedge, the impact of the looming wave of corporate defaults will have a ripple effect across job markets, consumer spending, and the global economy as a whole.

The banking sector in the MENA region, especially the United Arab Emirates, Saudi Arabia and Bahrain have showed remarkable resilience in the aftermath of Covid-19 keeping the NPA ratios in check. Armed with conducive regulations, a sound legislative and judicial environment, the region’s banks and corporates are preparing to effectively navigate the current wave of looming defaults as growth cools globally and interest rates continue to tighten.
Source: Bloomberg media

Global Market Overview

Source: Bloomberg, Debt Explorer by White & Case

Forum in Numbers

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Delegates
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Speakers
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Case studies
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Dedicated Workshops

Event Advisory Committee

Bruno
Navarro

Managing Director, Ipso Facto Ltd

U.A.E.

Khalid Mohammed Bashniny

Executive Vice President, Head – Restructuring & Collections
Saudi National Bank

Saudi Arabia

Balaji Prasad Natarajan

Group Chief Financial Officer, Binladin International Holding Group

Saudi Arabia

Waseem
Al-Sourani

General Manager, Special Assets Management,
Saudi Awwal Bank

Saudi Arabia

Key Features of Financial Restructuring MENA 2024

Exclusive C-level interviews of billion-dollar plus debt restructuring cases from the region

Case studies of some of the largest corporate workouts from Europe and Asia

Dedicated workshops on effective mechanisms to offload NPAs and clear balance sheet as well as tools for successful debt restructuring

Convention point for regional and international regulators, restructuring practitioners, corporates undergoing insolvency, hedge funds and key stakeholders

Who Will Attend ?

Why Attend ?

Listen to leading restructuring practitioners

on multi-billion and multi-million dollar restructuring cases from Europe and Asia

Hear from live restructuring cases in the MENA region

on their roadmap, challenges and strategies being deployed 

Listen to the most recent corporate restructuring success stories

to find out optimal strategies and solutions deployed 

Hear from world-class restructuring advisories and consultants

on best practices in achieving successful workouts 

Find out how MENA banks can manage and minimize their special assets portfolio 

and clean their balance sheets

Discuss and address challenges faced by hedge funds in the Middle East market,

and methods to enable a viable NPL sales market in the region

Understand the conducive legal insolvency framework

in UAE, Saudi Arabia and other GCC countries that facilitate financial restructuring and support your business through difficult times 

Speakers

Abdullah Al-Mogheerah

Secretary General

Bankruptcy Commission
Saudi Arabia
‘EISAR’

Balaji Prasad Natarajan

Group Chief Financial Officer, Binladin International Holding Group

Saudi Arabia

Dermot
Murphy

Global Head of Private Credit
HSBC

U.K.

Hamad Sayeh
Al Mazrouei

Chief Executive Officer - Registration Authority
Abu Dhabi Global Market (ADGM)

U.A.E.

Naveen Sabharwal

Managing Director
Davidson Kempner

U.K.

Bruno Navarro

Managing Director
Ipso Facto Ltd

U.A.E.

Mo Farzadi

Business Restructuring Services Partner and Middle East Leader

PwC,
U.A.E.

Waseem Al-Sourani

General Manager
Special Assets Management,
Saudi Awwal Bank

Saudi Arabia

H.E. Omar Saif Ghobash

Advisor to Minister - Ministry of Foreign Affairs UAE;

Ambassador to the Holy See

Matthew
Wilde

Senior Managing Director
Teneo

U.A.E.

Hamed
Farzadi

Group Head of Restructuring
Emirates NBD

U.A.E.

Luigi
Orlandi

Chief Special Operations Officer
International Finance Corporation (IFC)

Austria

Louise Jones

Regional Head of Special Credit Unit - MENAT
HSBC

U.A.E.

Raihan Shaikh-Khaleel

Managing Director
NMC Healthcare

U.K.

Anton Kubasov

Director, Forensic,
Tenet Consulting

U.A.E.

Edward Bell

Head of Market Economics
Emirates NBD

U.A.E.

Elie Fakhoury

Senior Managing Director
Teneo

U.A.E.

Khalid Mohammed Bashniny

Executive Vice President, Head – Restructuring & Collections
Saudi National Bank

Saudi Arabia

Paul Leggett

Partner
Turnaround & Restructuring Leader,
Deloitte Middle East

U.A.E.

Bader Hatim Yousif
Al Tamimi

Partner
Baker Tilly

Saudi Arabia

Naief Yahia

Partner, Head of Litigation
Al Tamimi & Company

U.A.E.

Dominic Ayliffe

Associate Managing Director, Restructuring

Kroll
U.A.E.

Vikas Papriwal

Senior Managing Director, Leader
FTI Consulting - Middle East & Africa

U.A.E.

Turki Al Ahmari

Head of Special Assets Management
Banque Saudi Fransi

Saudi Arabia

Michael Rainey

Partner, Financing and Restructuring

King & Spalding
U.A.E

Arun Reddy

Managing Director

Houlihan Lokey
U.A.E.

Paul Gilbert

Managing Director

Alvarez & Marsal Middle East Limited,
U.A.E.

David Beckett

Head of Sourcing

SC Lowy
U.K.

Abdulaziz Abdulhamid Albassam

Chief Executive Officer

Al Jomaih Group
Saudi Arabia

Husni Almousli

Restructuring & Special Situations Attorney

Kirkland & Ellis International LLP,
U.K.

Umera Ali

Partner
Dentons

U.A.E.

Alexander Erofeev

Chief Special Operations Officer

International Finance Corporation (IFC)
Austria

Angelo Carella

Associate Partner

Private Capital & Restructuring
Oliver Wyman
U.A.E.

Polina Lyadnova

Partner

Cleary Gottlieb
U.K.

Nigel Smith

Senior Managing Director

Quantuma International
U.K.

Nitish Bhojnagarwala

Senior Vice President – Financial Institutions Group

Moody’s Investors Service
U.A.E.

Sam Gidoomal

Managing Director

Alvarez & Marsal Middle East Limited
U.A.E.

Andrew Dale

Head of Syndicated Debt Restructuring
Saudi Awwal Bank

Saudi Arabia

Alex Reid

Partner
Charles Russell Speechlys LLP

U.A.E.

Haroon Ahmed

Partner – Turnaround & Restructuring
Deloitte

Middle East

Oliver Carter

Senior Managing Director
FTI Consulting - Middle East

U.A.E.

Dominik Nagly

Partner
Fidera

U.K.

Amir Ahmad

Partner
Reed Smith

UAE

Hisham Ashour

Managing Director
Haykala Advisory

Saudi Arabia

Saeed Alsubaie

Head of Large Corporate Special Assets Management Group
Al Rajhi Bank

Saudi Arabia

Sharif Eid

Fixed Income Portfolio Manager and Partner
Amwal Capital

U.A.E.

Johann Scheid

Director – Investments
Blantyre Capital

U.K.

Berkay Oncel

Head of MENAT Investments
SC Lowy

U.A.E.

Genane Maalouf

Director, Private Credit
HSBC Bank Middle East Limited

U.A.E.

Esteban Buljevich

Vice Chairman
Rothschild & Co

U.A.E.

Omar Rahman

Chief Legal Officer
Dubai Islamic Bank

U.A.E.

Elias Lambrianos

Managing Editor – EMEA LCM
Debtwire

U.K.

Jody Waugh

Managing Partner
Al Tamimi & Company

U.A.E.

Laura Gardner

Deputy Editor,
Debtwire

U.A.E.

Agenda

  • Day 1 - Monday, 19 February 2024
  • Day 2 - Tuesday, 20 February 2024
  • Boardrooms

08:00

Registration and Morning Coffee

09:00

Welcome Address by

09:05

Opening remarks by the Conference Chairman

09:15

Keynote address : How Abu Dhabi is unlocking the potential of the financial restructuring sector

Speaker

09:30

Keynote Address: Bankruptcy Law’s performance in Saudi Arabia

Speaker

09:45

Presentation | The UAE Financial Reorganisation and Bankruptcy Law, what is new?

Speaker

10:15

Fire-side chat | Taking stock of progress made in MENA’s corporate restructuring landscape, and vision for the future

Moderator
Panelists

10:30

Presentation | Assessing the macro economy, global trends and their probable impact on MENA’s economies

Speaker

10:45

Panel | Into high-profile insolvencies in MENA

Moderator
Panelists

11:25

Exhibition tour and networking coffee break

12:05

Panel | The changing NPL management narrative in the region

Panelists
Panelists

12:45

Panel | Driving successful business turnarounds in highly leveraged situations

Moderator
Panelists

13:25

Presentation | Mastering business recovery and renewal

Speaker

13:40

Panel | Considerations for aggregated portfolio sale; Addressing buyer & seller challenges

Moderator
Panelists

14:20

Closing remarks by Conference Chairman

14:30

Networking lunch and close of conference day one

Workshops

Workshop A: Driving business profitability and optimizing asset health for MENA’s lenders

Workshop B: Keys to successful corporate restructuring and business turnarounds

08:00

Registration and morning coffee

09:00

Welcome address by Conference Chairman

09:05

Presentation| Systemic challenges to problem loans resolution and possible paths forward

Speakers

09:20

Panel| Trends and developments in single debt trading market in the GCC

Moderator
Panelists

10:00

Panel | Best practices from global financial restructurings: Blending into the MENA context

Moderator
Panelists

10:40

Presentation: Driving turnarounds to maximize stakeholder returns both within and outside the Bankruptcy Law

Speakers

10:55

Exhibition tour and networking coffee break

11:35

Fire-side chat| Dispute resolution trends across Middle East and asset recovery mechanisms

Moderator
Panelists

11:50

Presentation | Dealing with bad faith counterparties: Asset recovery insights

Speaker

12:05

Panel discussion | Now what? Challenges and opportunities for new money funding for companies emerging successfully out of the restructuring process in Saudi Arabia

Moderator
Panelists

12:45

Panel | Alternative and private credit financing - Bridging gaps, propelling growth

Moderator
Panelists

13:25

Closing remarks by Conference Chairman

13:35

Close of 2nd Annual Financial Restructuring MENA Conference and networking lunch

Boardrooms

Day 1, 19 February

Workshop : Involvement of private credit in regional restructurings: Benefits, pitfalls and considerations

Workshop Host:

Teneo

Highlights from 2023 Edition

In Pictures

Speakers Interview

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If you are a restructuring advisory, law firm, distressed market investor or offer solutions enabling debt restructuring or NPL management and is interested to showcase your work, please contact us on partnerships@gmevents.ae or contact Bencily Thomas – bencily.thomas@gmevents.ae | +971-52 969 7209

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