Opening keynote speaker at CRS 2019
While the overall real GDP declined in 2017 by 0.9 percent, driven mainly by the oil sector that declined by 3.1 percent from 2016 level, non-oil private sector, which gives more accurate picture of the economic activity, grew by 1.2% in 2017 compared to 0.1 in 2016. It is expected that real GDP will continue to grow at healthy levels in 2018 as a result of better sentiments in the private sector and better economic conditions.
H.E. Dr. Fahad Alshathri, Deputy Governor – Supervision, Saudi Arabian Monetary Authority
speaking for CRS 2018
Who Should Attend?
Regulators, Policy makers & Monetary Authorities
Institutional Investors & SWFs
Law Firms & Advisories
Debt Market Investors
Portfolio sale advisers & Loan services
Promote ease of doing business in the emerging economies of MENA through adequate financial restructuring laws and solutions
Manage business resilience, continuity & contingency through strategic corporate restructuring
Facilitate dialogue between banks, multi-national corporations facing insolvency and other parties involved in syndicated loans’ workout to enable financial restructuring
Facilitate establishment of successful loan sales’ market & NPL servicing platform in the MENA
Minimize risk exposure and drive profitability in tightening market conditions by analyzing M&A opportunities in the financial sector
Exclusive Interview of AHAB at CRS 2018
Of course, no one invests looking for trouble, but it can happen and when it does investors and other stakeholders want to know there is legislation and more importantly a viable process to unwind situations and extract value while preserving jobs, livelihoods and allowing good businesses to survive
– Simon Charlton, Chief Restructuring Officer & Acting Chief Executive Officer, Ahmad Hamad Al Gosaibi & Brothers
Historically, the GCC banks have played a vital role in financing different business sectors, governments and individuals. Over the past five years, GCC banking assets have grown twice as fast as the region’s gross domestic product and banks have been more profitable than their Western counterparts. Their total assets have exceeded US$ 2 trillion with their financing exceeding one trillion dollar and this naturally is associated with the existence of NPLs. During 2017 and the first half of this year, the GCC banks’ asset growth has remained robust at 4.4 per cent, particularly when compared with more developed markets. Growth has been driven by increased lending to government and related entities to support national-level growth initiatives. The overall non-performing loan (NPL) ratio for the GCC banking sector reduced by 0.3 per cent to 3.2 per cent in 2017. This decline is a result of the more stringent risk policies adopted by banks in recent years, given regulators’ focus on credit.
Adnan Ahmed Yousif, President & CEO, Al Baraka Banking Group
Key Features at CRS 2019
Partners at CRS 2019
An effective framework for dealing with financial restructurings and non-performing loans, both at the macro and individual institutional levels, is essential to optimize recoveries and rapidly refocus on growth, and real estate is often a critical component in the problem loan equation. As a real estate advisory and asset management firm with a significant focus on distressed loan and asset situations, Resolute is pleased to have the opportunity to contribute to the discussion of these issues at the Corporate Restructuring Summit.
David McDiarmid, Partner, Resolute Asset Management
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CRS 2018 Highlights
In business, poor performance or bad management leads to bankruptcy. Attempt should be made to avoid this situation and the only available option is restructuring. Only financial/ Balance Sheet restructuring or organizational restructuring may not bear desired results. There must be a balanced combination of financial as well organizational/ management restructuring.
Ravi Murthy, Group Chief Financial Officer, Arabtec Construction LLC
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