Driving optimal debt restructuring and business turnaround for successful insolvency workouts
- ADGM Building Authorities, Abu Dhabi, UAE
- March 15 - 16, 2023
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Market Overview
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.
Conference Objectives
- Enable successful corporate restructuring for family businesses and large organizations while effectively managing MENA banks’ NPL portfolios
- Convene the full spectrum of stakeholders to address challenges in successful debt restructuring and offer adequate solutions for the MENA region
- Assemble world class service providers to offer banks, corporates, private equity companies and investors with unrivalled expertise and insights
- Create awareness among organisations on legal and out of court corporate restructuring solutions available to support their organisations through tough times
- Promote the region’s business conduciveness and attractiveness to foreign investments by discussing measures for further strengthening the insolvency and bankruptcy regimes
Conference Speakers
Hamad Sayah Al Mazrouei
Chief Executive Officer, ADGM Registration Authority, Abu Dhabi Global Market
U.A.E.
Abdullah S. Almogheerah
Secretary General, Bankruptcy Commission
Saudi Arabia
Balaji Prasad Natarajan
Group Chief Financial Officer, Binladin International Holding Group
Saudi Arabia
Naveed Kamal
Chairman, Emerging Markets EMEA Citi
U.A.E
Abdulaziz Saad AlResais
Group Chief Risk Officer, Al Rajhi Bank
Saudi Arabia
Mo Farzadi
Business Restructuring Services Leader, PwC
U.A.E.
Khalid Mohammed Ba Shniny
Executive Vice President, Head – Restructuring & Collections, Saudi National Bank
Saudi Arabia
Raihan Shaikh-Khaleel
Director and Chair of Restructuring Committee, NMC Healthcare,
U.K.
Matthew Wilde
Senior Managing Director, Teneo
U.A.E
Bruce Wade
Group Chief Executive – Financial Restructuring, National Bank of Bahrain
Bahrain
Waseem Al-Sourani
General Manager, Special Assets Management, The Saudi British Bank
Saudi Arabia
Daniel Smith
Partner, Head of Asset Management, Resolute Asset Management
U.K.
Simon Charlton
Group Chief Executive Officer, Ahmad Hamad Al Gosaibi & Bros
Saudi Arabia
Ahmad Alanani
Chief Executive Officer, Sancta Capital
U.A.E.
Khalid Anib
Chief Executive Officer, Abu Dhabi National Hotels,
U.A.E
Hamed Khan
Head of Debt Restructuring, Banque Saudi Fransi
Saudi Arabia
Polina Lyadnova
Partner – Finance & Restructuring, Cleary Gottlieb Steen & Hamilton LLP,
U.K.
Matti Kasi
Director, Turnaround & Restructuing, AlixPartners,
U.A.E.
Dr. Eyad Reda
Managing Partner, Eyad Reda Law Firm
Saudi Arabia
Sameh Gamil Sawiris
Head of Remedial & Special Assets, Doha Bank,
Qatar
Pietro Castronovo
Partner, Oliver Wyman,
U.A.E.
Ziad Daoud
Chief Emerging Market Economist Bloomberg,
U.A.E.
Thomas Bullock
Director, Deloitte,
U.A.E
Bruno Navarro
Managing Director, Ipso Facto Ltd
U.A.E.
Umera Ali
Partner – Banking & Finance, Dentons,
U.A.E.
Hisham Ashour
Chief Restructuring Officer, Azmeel Contracting Co.
Saudi Arabia
Mohammed Ajmal
Group Chief Financial Officer, Azmeel Contracting Co.
Saudi Arabia
Michael Rainey
Partner, King & Spalding,
U.A.E.
Waleed Alkhaldi
Bankruptcy Trustee,
Saudi Arabia
Richard Fleming
Managing Director, Alvarez & Marsal,
U.K.
Ahmed M Jannah
Head of Corporate Recovery & Litigation, The Saudi British Bank
Saudi Arabia
Ardil Salem
Partner, Hogan Lovells International LLP
U.K.
Elie Fakhoury
Senior Managing Director, Teneo
U.A.E
Riaz Mohamed
Head of Financial Restructuring, Kuwait Finance House
Bahrain
Alastair Goldrein
Partner, Cleary Gottlieb Steen & Hamilton LLP,
U.K.
Andrew Dale
Head of Restructuring Syndications, The Saudi British Bank
Saudi Arabia
Dominic Ayliffe
Associate Managing Director, Global Restructuring Advisory, Kroll,
U.A.E.
Amir Ahmad
Partner – Financial Industry Group, Reed Smith
U.A.E.
Michael Grant
Chief Restructuring Officer, Drake & Scull International PJSC, Partner
Joan Joseph
Managing Partner, Mayfield Capital
U.A.E.
Husain Abdulkarim Shaker
Financial Restructuring Manager, National Bank of Bahrain
Bahrain
Alex Dooler
Senior Reporter, Debtwire
U.A.E
Raja Tanzeel Khalid Banwa
Head of Financial Restructuring & Remedial, Emirates Islamic Bank,
U.A.E
Haroon Ahmed
Partner – Restructuring Advisory, Grant Thornton
U.A.E
Why Attend ?
Who Will Attend ?
- Ministries, monetary and regulatory authorities
- Insolvency/bankruptcy commissions & committees
- Large corporates
- Mid-market corporates & SMEs
- Commercial banks
- Alternate financiers
- Private equity firms
- Institutional investors & funds
- Credit rating agencies
- Market watchers
Agenda
08:00
Registration & morning coffee
09:05
Opening remarks by the conference chairman
09:15
Keynote address: Promoting business continuity in challenging times via business conducive regulations
Speaker
- Hamad Sayah Al Mazrouei, Chief Executive Officer, ADGM Registration Authority, Abu Dhabi Global Market, U.A.E.
09:30
Keynote address: Evolution of insolvency regimes and collaboration of the regulatory, legislative, and judicial systems to facilitate corporate restructuring
- Assessing the adequacy and maturity of the insolvency framework to cater to potential increase in insolvencies in fluctuating markets
- How can the region’s governments further strengthen and improve insolvency and bankruptcy laws and environment – Regional and international best practices
- Reformations in judicial framework and the court’s strategic role
- A look at the business conducive regulations offered by various freezones and their integral role in the successful resolution of some of MENA’s mega cases in the recent past
Panelists
- Abdullah S. Almogheerah, Secretary General, Bankruptcy Commission Saudi Arabia
09:45
Presentation: Assessing the macro economy and global events, and impact on MENA’s economies
- Reviewing the impact of Fed’s hike in interest rates, rising inflation and tightening business environment on potential spike in insolvencies in the region
- Addressing the challenge of liquidity constraints on family offices and large and mid-market corporates caused by rising cost of borrowing
- How well developed are the region’s insolvency regimes to adequately cater to potential spike in insolvencies from volatile market conditions?
- Understanding the impact of unresolved mega cases on MENA’s major economies
Speakers
- Ziad Daoud, Chief Emerging Market Economist, Bloomberg LP, U.A.E.
10:00
C-suite Panel: Keeping the NPL portfolios in check amidst fluctuating markets and potential rise in corporate causalities: Lenders’ perspective
- Implementing effective strategies to reduce rise in bad loans in current volatile market conditions
- Enabling coherent and coordinated approach between the various lenders for reaching successful debt restructuring solutions with clients
- Clearing off balance sheet with sales of NPA portfolios and assessing available solutions for the GCC region
- NPL securitization – can MENA’s markets facilitate successful NPL offloading similar to the Greek and Italian model?
- Driving effective management of complex NPLs via NPL management platforms, rapid recovery and optimizing proceeds
- Optimizing lenders’ asset portfolio via strategic asset value creation and monetization
Moderator
- Haroon Ahmed, Partner – Restructuring Advisory, Grant Thornton, U.A.E.
Panel members
- Naveed Kamal, Chairman, Emerging Markets EMEA, Citi, UAE
- Abdulaziz Al Resais, Group Chief Risk Officer, Al Rajhi Bank, Saudi Arabia
- Bruce Wade, Group Chief Executive – Financial Restructuring, National Bank of Bahrain, Bahrain
- Daniel Smith, Partner, Resolute Advisors MENA, U.A.E.
10:40
Networking coffee Break
11:20
Exclusive Interviews: Into the biggest insolvency workouts in the MENA region
- Designing the roadmap for success – A story of stakeholder collaboration, sound insolvency regime and expert restructuring advisory that led to successful workout of a billion-dollar complex insolvency case
- Assessing the crucial elements for successful restructuring
- Assessing the insolvency regimes and business-conducive regulations offered by freezones in the MENA and their integral role in ensuring resolution and business continuity of cash-strapped corporates
Interview – Part 1
Host
- Alastair Goldrein, Partner, Cleary Gottlieb Steen & Hamilton LLP, U.K.
Speakers
- Raihan Shaikh-Khaleel, Director and Chair of Restructuring Committee, NMC Healthcare, U.K.
- Richard Fleming, Managing Director, Alvarez & Marsal, U.K.
Interview – Part 2
Host
- Polina Lyadnova, Partner – Finance & Restructuring, Cleary Gottlieb Steen & Hamilton LLP, U.K.
Speaker
- Bruno Navarro, Managing Director, Ipso Facto, UAE
12:00
Panel: Driving successful corporate restructuring in volatile markets
- Working hand in hand with the lender: Understanding how banks and corporates can work together in situations of heightened distress to facilitate financial restructuring while ensuring it’s a win for the lenders alike
- Best practices in achieving optimal workout solutions with conducive financing and restructuring terms to ensure business turnaround and continuity
- Revisiting Covid-19 policy support and need for similar measures by central banks in tightening market situations
- Maintaining asset value in volatile market situations and protecting asset owners from depreciating asset value
- Are the region’s laws adequate to enable successful remediation – Assessing the legal framework
Moderator
- Elie Fakhoury, Senior Managing Director, Teneo, U.A.E.
Panelists
- Balaji Prasad Natarajan, Group Chief Financial Officer, Binladin International Holding Group, Saudi Arabia
- Waseem Al-Sourani, General Manager – Special Assets Management, The Saudi British Bank, Saudi Arabia
- Amir Ahmad, Partner – Financial Industry Group, Reed Smith, U.A.E.
- Riaz Mohamed, Head of Restructuring, Kuwait Finance House, Bahrain
- Ahmed Jannah, Head of Corporate Recovery & Litigation, The Saudi British Bank, Saudi Arabia
- Michael Grant, Chief Restructuring Officer, Drake & Scull, UAE
12:50
Panel: Developing a mature NPL sales market in the MENA region
- Investment opportunities in MENA’s debt market – Reviewing the attractiveness and soundness of the region’s distressed investment market and maturity of legislations encouraging distressed investing
- Optimizing financial stability of lenders by clearing the bad loans portfolio and addressing lack of adequate options for banks in the region
- Assessing challenges in establishing a conducive market for NPL sales
- Addressing buy-side challenges: What’s slowing the appetite for NPL traders in MENA
- Alex Dooler, Senior Reporter, Debtwire, UAE
Panelists
- Khalid Mohammed Ba Shniny, Executive Vice President, Head – Restructuring & Collections, Saudi National Bank, Saudi Arabia
- Joan Joseph, Managing Partner, Mayfield Capital, U.A.E.
- Dominic Ayliffe, Associate Managing Director, Global Restructuring Advisory, Kroll, U.A.E.
- Husain Abdulkarim Shaker, Financial Restructuring Manager, National Bank of Bahrain, Bahrain
- Ahmad Alanani, Chief Executive Officer, Sancta Capital, U.A.E.
13:35
Closing remarks by conference chairman
13:45
Close of conference day one and networking lunch
Boardrooms
15:00 - 16:30
Boardroom session 1: Driving business profitability and optimizing asset health for MENA lenders
15:00 - 16:30
Boardroom session 2: Keys to successful corporate restructuring and business turnarounds
08:00
Registration & morning coffee
09:00
Welcome address by conference chairman
09:05
Analysing the multi-billion dollar restructuring of Indonesia’s flag carrier, Garuda Airlines
Speaker
- Polina Lyadnova, Partner – Finance & Restructuring, Cleary Gottlieb Steen & Hamilton LLP, U.K.
09:25
Panel: The challenges and opportunities in MENA’s construction and real estate sector
- Enabling business continuity of insolvent real estate companies via effective turnaround and restructuring solutions
- Addressing the massive exposure of the region’s banks to the construction and real estate sector and clearing the bad debts
- Delving into the imperative role of real estate regulatory authorities in strengthening the region’s property market with supportive legislations, and attracting investments into the sector
- Addressing the massive challenges of the SME sector working alongside cash-strapped mega construction companies in the region
Moderator
- Hamed Khan, Head of Debt Restructuring, Banque Saudi Fransi, Saudi Arabia
Panelists
- Andrew Dale, Head of Restructuring Syndications, The Saudi British Bank, Saudi Arabia
- Matthew Wilde, Senior Managing Director, Teneo, U.A.E.
- Sameh Gamil Sawiris, Head of Remedial & Special Assets, Doha Bank, Qatar
- Mo Farzadi, Business Restructuring Services Leader, PwC, UAE
10:10
Fire-side chat: Concluding MENA’s longest running debt dispute
Host
- Dr. Eyad Reda, Managing Partner, Eyad Reda Law Firm, Saudi Arabia
Speaker
- Simon Charlton, Chief Restructuring Officer, Ahmad Hamad Al Gosaibi & Bros, Saudi Arabia
10:30
Networking coffee break
11:10
Exclusive industry session: The billion-dollar plus financial restructuring of Azmeel Contracting, one of GCC’s biggest construction contractors
Moderator
- Hisham Ashour, Chief Restructuring Officer, Azmeel Contracting Co., Saudi Arabia
Panelists
- Fahad AbdulRehman AlJabr, Member of Board of Directors, Azmeel Contracting Co., Saudi Arabia
- Mohammed Ajmal, Group Chief Financial Officer, Azmeel Contracting Co., Saudi Arabia
- Waleed Alkhaldi, Bankruptcy Trustee, Saudi Arabia
- Hamed Khan, Head of Debt Restructuring, Banque Saudi Fransi, Saudi Arabia
- Waseem Al-Sourani, General Manager – Special Assets Management, The Saudi British Bank, Saudi Arabia
12:00
Closing panel: Are we ready for the turbulence ahead?
Moderator
- Matti Kasi, Director, Turnaround & Restructuring, Alix Partners, U.A.E.
Speaker
- Pietro Castronovo, Partner, Oliver Wyman, U.A.E.
Panelists
- Thomas Bullock, Director, Deloitte, UAE
- Khalid Anib, Chief Executive Officer, Abu Dhabi National Hotels, UAE
- Raja Tanzeel Khalid Banwa, Head of Financial Restructuring & Remedial, Emirates Islamic Bank, UAE
- Ardil Salem, Partner, Hogan Lovells International LLP, U.K.
12:50
Closing remarks by conference chairman
13:10
Close of Financial Restructuring MENA Conference and networking lunch
Boardrooms
14:30 – 16:00
Board room session 3: Converting NPAs to effective debt instruments for promoting asset sale
14:30 – 16:00
Boardroom session 4: Effective dispute resolution mechanisms for successful insolvency workouts
Partners & Sponsor
Our Official Partners and Sponsor
Join as a Sponsor
- Network with CEOs, CROs and heads of special assets from the largest banks by assets in the MENA region
- Meet CFOs from large corporates in distress currently exploring turnaround and corporate restructuring solutions
- Meet heads of private equity firms and institutional investors with interest in cross-industry investments in the region
- Find out about NPL sale options from the MENA banks and opportunities at distressed market investing
- Showcase your international and regional expertise infront of a room full of your target clientele
- Promote the business conduciveness of the MENA countries infront of international organisations looking to set shop / expand operations in the Middle East
Who Should Partner and Exhibit?
- Financial restructuring and business turnaround advisories
- Asset management and advisory services
- Law firms
- Financial centres
- Investment banks
- Hedge funds
- M&A consultants
- Forensic consulting & accounting firms
- Asset tracking & distressed asset recovery firms
- Investment banks and M&A consultancies
- Special situation funds and investment advisories
- Technology providers
- Litigation & bankruptcy financiers
- Market intelligence providers
Join as a Sponsor
Why Partner?
- Network with CEOs, CROs and heads of special assets from the largest banks by assets in the MENA region
- Meet CFOs from large corporates in distress currently exploring turnaround and corporate restructuring solutions
- Meet heads of private equity firms and institutional investors with interest in cross-industry investments in the region
- Showcase your international and regional expertise infront of a room full of your target clientele
- Promote the business conduciveness of the MENA countries infront of international organisations looking to set shop / expand operations in the Middle East
- Bencily Thomas
- bencily.thomas@gmevents.ae
- +971-52 969 7209
Media Partners
Register as a Delegate
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Event Venue
- Al Maryah Island - Abu Dhabi Global Market Square, Abu Dhabi, UAE
- March 15 - 16, 2023
