• Register

Saudi lenders turn down Algosaibi invite for meeting

: Sunday, April 13 - 2014 @ 01:06

A group of Saudi banks has rejected an invitation from Ahmad Hamad Algosaibi and Brothers Co to attend a meeting next month to discuss their claims on $5.9bn of debt, Bloomberg has reported. “The banks have no interest in attending the meeting proposed,” said a letter to Algosaibi from a law firm representing the unnamed Saudi lenders. The letter, dated April 3, didn’t give a reason why the banks don’t want to attend.

Today's Top Stories

Posted by

Sunday, April 13- 2014 @ 1:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs