Saudi lenders turn down Algosaibi invite for meeting | Saudi lenders turn down Algosaibi invite for meeting -
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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.

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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.

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