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Saudi court set to hold AHAB dispute hearing under new law

Bahrain Business
Mon, 07 Jan 2019


MANAMA: A commercial court in Dammam will today hold the first hearing on a debt settlement for the conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) under Saudi Arabia’s new bankruptcy law, according to the Maal financial news website. AHAB has been the first company to file for a settlement under the new law, seeking to resolve the country’s longest-running and largest debt dispute.

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