Rothschild & Co will also take over LLB’s existing Dubai office, bringing the total number of staff in its Middle East wealth management arm to around 25
Masdar is expanding in several parts of Europe, as well is in Asia, and the US
The case marks one of the first instances of a large conglomerate using the UAE federal bankruptcy regime to restructure its business
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations