2nd Financial Restructuring MENA Conference 2024 | Great Minds Event Management | 18 February 2024 | Abu Dhabi Global Market, Island - ADGM Authorities Building - Al Maryah Island - Abu Dhabi Global Market Square - Abu Dhabi, UAE

The era of unusually cheap credit followed by the Fed continuing to further tighten the market has started showing causalities worldwide, on scales previously seen during the 2008 financial crisis. In the first seven months of the year alone, the US has witnessed over 120 big bankruptcies, with a 360% surge in troubled bonds and loans in the country since 2021. Worldwide 15% of the corporate bonds and loans trading at distressed levels, currently in excess of USD 590 bn, have defaulted highlighting grave impacts for the global economy as these corporates, owing over half a trillion dollar, are faultering and showing signs of nonpayment.

As commercial real estate takes the biggest hit with distressed debt exceeding USD 168bn and private equity owned companies struggle under distressed debt of over USD 70 bn – a result of floating interest rates and a failure to hedge, the impact of the looming wave of corporate defaults will have a ripple effect across job markets, consumer spending, and the global economy as a whole.

The banking sector in the MENA region, especially the United Arab Emirates, Saudi Arabia and Bahrain have showed remarkable resilience in the aftermath of Covid-19 keeping the NPA ratios in check. Armed with conducive regulations, a sound legislative and judicial environment, the region’s banks and corporates are preparing to effectively navigate the current wave of looming defaults as growth cools globally and interest rates continue to tighten.

2024 Speakers

Abdullah Al-Mogheerah
Secretary General, Bankruptcy Commission

Balaji Prasad Natarajan
Group Chief Financial Officer, Binladin, International Holding Group

Robbie Harris
Managing Director, Global Head Of Research – Private Credit,
HSBC

Naveen Sabharwal
Managing Director,Davidson Kempner

Bruno Navarro
Managing Director, Ipso Facto Ltd

Waseem Al-Sourani
General Manager, Special Assets Management, The Saudi British Bank

Matthew Wilde
Senior Managing Director, Financial Advisory

Mo Farzadi
Partner, PwC

Raihan Shaikh-Khaleel
Chairman Of Restructuring Committee, NMC

Khalid Mohammed Ba Shniny
Executive Vice President, Head –, Restructuring & Collections, Saudi, National Bank

Naveed Kamal
Chairman
Emerging Markets EMEA, Citibank

Hamed Khan
Advisor To Head Of Debt Restructuring, Banque Saudi Fransi

David Beckett
Head Of Sourcing, SC Lowy

Andrew Dale
Head Of Syndicated Debt Restructuring, Saudi Awwal Bank

Dominik Nagly
Partner, Fidera

Ghassan Alyousef
Head Of Special Assets Management Group, Al Rajhi Bank

2024 Sponsors

• Abu Dhabi Global Market
• Teneo
• PWC
• Baketilly
• Reed Smith