Media reports earlier said the Adani Group had put its NBFC arm on the block as part of its strategy to exit the non-core businesses
corporate restructuring
Latest in corporate restructuring
Alibaba
China’s Alibaba to split into six units
The restructuring was described as the ‘most significant’ organisational overhaul in its 24-year history
ADIB
ADIB reshuffles top leadership days after new CEO takes charge
Samih Awadhalla has been named acting head of retail banking and Amer Al Ameri has been tapped to lead private banking
Abu Dhabi Global Market
Creditors set to take control of UAE’s troubled NMC Group under new deal
Administrators announce receipt of firm creditor commitments to ensure successful exit from Abu Dhabi Global Market administration
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Binladin International Holding
Saudi giant Binladin adds senior execs amid ongoing transformation drive
Binladin International Holding Group, the parent company of Saudi Arabia’s largest construction conglomerate, announces expansion of its executive leadership team
Binladin International Holding
Saudi giant Binladin set to update lenders on transformation plan
Binladin International Holding Group CEO says eyeing ‘substantial market opportunities’ in the Gulf kingdom
Alixpartners
Why global restructuring firms are embarking on Gulf hiring spree
Companies are anticipating a spate of turnaround work as companies succumb to the coronavirus pandemic
Bahrain banking
Bahrain bank launches new unit to help struggling firms
National Bank of Bahrain announces a new business unit to offer specialised financial restructuring advice for companies
corporate restructuring
Privatisation sales, IPOs lagging behind M&A activity in region – report
A report from Hogan Lovells found that GDP growth has not led to an improved environment for the GCC private sector