Deloitte, a leader in professional services with presence in the Middle East, has played a major advisory role for Saudi-based Azmeel Contracting and Construction Corporation in helping the group restructure more than SR7.7 billion ($2 billion) of debt.
Deloitte, a leader in professional services with presence in the Middle East, has played a major advisory role for Saudi-based Azmeel Contracting and Construction Corporation in helping the group restructure more than SR7.7 billion ($2 billion) of debt.
RIYADH: The Azmeel Contracting Co. has received court approval for its proposed financial restructuring, following a creditors’ majority vote of 88 percent, Argaam reported. The restructuring plan aims to settle payment to creditors, enabling it to bid for new projects with a better credit standing. In 2019, Azmeel entered formal bankruptcy proceedings when clients and some
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