Regulation, Risk & Compliance
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UAE banks eye end to $22 billion Saudi debt saga
Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co nearly a decade ago, a senior banking official told Reuters. The two conglomerates defaulted in 2009 in Saudi Arabia’s biggest…
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Click here to read the full story: Reuters