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
U.A.E.
Global Head of Research – Private Credit,
HSBC
Saudi Arabia
Saudi Arabia
Saudi Arabia
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
on multi-billion and multi-million dollar restructuring cases from Europe and Asia
on their roadmap, challenges and strategies being deployed
to find out optimal strategies and solutions deployed
on best practices in achieving successful workouts
and clean their balance sheets
and methods to enable a viable NPL sales market in the region
in UAE, Saudi Arabia and other GCC countries that facilitate financial restructuring and support your business through difficult times
Bankruptcy Commission
Saudi Arabia
Saudi Arabia
Global Head of Research – Private Credit,
HSBC
Davidson Kempner
U.K.
U.A.E.
Saudi Arabia
Ambassador to the Holy See
Emirates NBD
Financial Advisory
Teneo
IFC
Norway
PwC
U.A.E.
MENAT
HSBC
NMC,
U.K.
Saudi Arabia
Baker Tilly
Saudi Arabia
Emerging Markets EMEA
Citibank
Banque Saudi Fransi,
Saudi Arabia
SC Lowy
U.K.
IFC
Norway
Quantuma International
U.K.
Azmeel Contracting Co.
Saudi Arabia
Saudi Awwal Bank,
Saudi Arabia
Charles Russell Speechlys LLP
Fidera
U.K.
Reed Smith
UAE
Azmeel Contracting Co.
Saudi Arabia
Al Rajhi Bank
Saudi Arabia
Azmeel Contracting
Saudi Arabia
*Reserved for Abu Dhabi Global Market (ADGM)
*Reserved for a leading advisory
The session will comprise of a 15-min sessions by globally renowned restructuring advisories and asset managers
The session will comprise of a 15-min sessions by globally renowned restructuring advisories and asset managers
*The session comprises of three 10-minutes presentations on various key trends influencing the corporate restructuring sector
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