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

Forum in Numbers

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exclusive
interviews
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international case studies
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Dedicated
Workshops

Event Advisory Committee

Bruno Navarro

Managing Director, Ipso Facto Ltd

U.A.E.

Robbie Harris

Managing Director

Global Head of Research – Private Credit,
HSBC

Khalid Mohammed Ba Shniny

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, The Saudi British 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

Balaji Prasad Natarajan

Group Chief Financial Officer, Binladin International Holding Group

Saudi Arabia

Robbie Harris

Managing Director

Global Head of Research – Private Credit,
HSBC

Naveen Sabharwal

Managing Director

Davidson Kempner
U.K.

Bruno Navarro

Managing Director, Ipso Facto Ltd

U.A.E.

Waseem Al-Sourani

General Manager, Special Assets Management, The Saudi British Bank

Saudi Arabia

H.E. Omar Saif Ghobash

Advisor to Minister of Foreign Affairs UAE

Ambassador to the Holy See

Hamed Farzadi

Group Head of Restructuring

Emirates NBD

Matthew Wilde

Senior Managing Director

Financial Advisory
Teneo

Luigi

Chief Special Operations Officer

IFC
Norway

Mo Farzadi

Partner

PwC
U.A.E.

Louise Jones

Regional Head of Special Credit Unit

MENAT
HSBC

Raihan Shaikh-Khaleel

Chairman of Restructuring Committee

NMC,
U.K.

Khalid Mohammed Ba Shniny

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

Saudi Arabia

Bader Hatim Yousif Al Tamimi

Partner

Baker Tilly
Saudi Arabia

Naveed Kamal

Chairman

Emerging Markets EMEA
Citibank

Hamed Khan

Advisor to Head of Debt Restructuring

Banque Saudi Fransi,
Saudi Arabia

David Beckett

Head of Sourcing

SC Lowy
U.K.

Alexander Erofeev

Chief Special Operations Officer

IFC
Norway

Nigel Smith

Senior Managing Director

Quantuma International
U.K.

Mohammed Ajmal

Group Chief Financial Officer

Azmeel Contracting Co.
Saudi Arabia

Andrew Dale

Head of Syndicated Debt Restructuring

Saudi Awwal Bank,
Saudi Arabia

Sara Sheffield

Partner

Charles Russell Speechlys LLP

Dominik Nagly

Partner

Fidera
U.K.

Amir Ahmad

Partner

Reed Smith
UAE

Hisham Ashour

Chief Restructuring Officer

Azmeel Contracting Co.
Saudi Arabia

Ghassan Alyousef

Head of Special Assets Management Group

Al Rajhi Bank
Saudi Arabia

Waleed Alzaayad

Trustee

Azmeel Contracting
Saudi Arabia

Agenda

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

08:00

Registration and Morning Coffee

09:00

Welcome Address

09:05

Opening remarks by the Conference Chairman

09:15

Opening keynote address

09:30

Fire-side chat with regulators and policy-makers | Updates from regulatory, legal and judicial systems in facilitating successful business restructuring and continuity in stressed market situations

Speakers

09:50

Keynote address

*Reserved for Abu Dhabi Global Market (ADGM)

10:05

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

10:20

Industry session

*Reserved for a leading advisory

10:35

Fire-side chat with CEOs | Navigating the global debt storm

11:00

Networking coffee break

11:35

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

Panelists

11:55 

Panel | Into high-profile insolvencies in MENA

Panelists

12:35

Consultancy Session

The session will comprise of a 15-min sessions by globally renowned restructuring advisories and asset managers

12:50

Panel | The changing NPL management narrative in the region

Panelists

13:50

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

Panelists

14:15

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

Panelists

14:55

Closing remarks by Conference Chairman

15:00

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

Fire-side chat| Driving successful business turnarounds in highly leveraged situations

Speakers

09:40

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

Panelists

10:30

Industry session

Speakers

10:45

Panel | Dispute resolution trends across the Middle East and the role of legal financing on MENA arbitrations

11:25

Networking Coffee Break

12:00

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

Panelists

12:40

Consultancy Session

The session will comprise of a 15-min sessions by globally renowned restructuring advisories and asset managers

12:55

Exclusive industry-session: Key insights from an ongoing billion-dollar plus restructuring case in MENA

13:35

Conversations with Azmeel Contracting Co: Achieving business turnaround post-restructuring

Moderator
Speakers

14:00

Presentations| Future trends to watch in the restructuring ecosystem – AI, climate change and gender balance in the corporate restructuring space

*The session comprises of three 10-minutes presentations on various key trends influencing the corporate restructuring sector

14:30

Closing remarks by Conference Chairman

14:40

Close of 2nd Annual Financial Restructuring MENA Conference

Boardrooms

Day 1, 19 February

Workshop A: NPL offloading and clearing the balance sheet to optimize asset health for MENA’s lenders

Workshop B: Keys to successful corporate restructuring and business turnarounds

Day 2, 20 February

Workshop C: Cross-border asset tracing and recovery

Workshop D: Effective dispute resolution mechanisms for successful insolvency workouts

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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