#restructuring

Adam Boukadida, Etihad CFO

Exclusive: Etihad’s CFO on restructuring, recovery from Covid crisis

Adam Boukadida is hopeful that air travel will pick up towards the end of 2021

NMC Health expects UAE, Oman operations to continue in 2021, after sale of non-core assets

NMC is undertaking a complete restructuring of its balance sheet following the discovery of significant fraud and debt

Abu Dhabi’s ADCB sees creditors approval for NMC restructuring in first half

The bank recorded $450m in provisions and interest in suspense toward NMC, Finablr and associated companies last year

Investment bank Moelis & Company appointed for restructuring of UAE’s Finablr

In December 2020, Finablr agreed to sell off its business to an Israeli-UAE consortium for $1

KBBO hires restructuring expert for $2bn debt revamp

The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer

Abu Dhabi insurance company Daman appoints new CEO

Al Mehyas has been leading the company following a major reorganisation last year

Sheikh Mohammed

Sheikh Mohammed announces new government structure with merged ministries

About 50 per cent of federal agencies will be merged with each other or within ministries

Deutsche Bank’s head of EMEA to exit the company

Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons

UAE pharma Julphar resumes exports to Saudi after suspension

The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards

Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp

The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations