The Financial Restructuring MENA Conference, hosted by Abu Dhabi Global Market (ADGM), under the strategic partnership of Bankruptcy Commission Saudi Arabia, convened large corporates, family offices, MENA’s largest banks by assets and key stakeholders to address corporate insolvencies and debt restructurings in the wider MENA region from the 15th to 16th March 2023 at the ADGM Authorities Building in Abu Dhabi.

Organized by GM Events, the conference served as a platform for enabling successful restructuring solutions for large corporates and family businesses in the current market conditions while fostering effective management of non-performing asset (NPA) portfolios of MENA’s banks.

The strategic MENA conference addressed some of the most vital topics including driving business profitability and asset health for MENA’s lenders by effectively managing NPA portfolios, driving financial restructuring and business turnarounds in highly leveraged and volatile markets, and developing mature NPL sales market in MENA.

ADGM and Bankruptcy Commission Saudi Arabia delivered keynotes focusing on promoting business continuity through business conducive regulations and evolving insolvency regimes that augmented corporate restructuring. This was followed by presentations, panel discussions and onstage interviews which included discussions on the biggest insolvency workouts in the MENA region and developing a mature NPL sales market in the region.

Discussions on the second day continued to focus on driving business turnarounds in volatile markets, the challenges and opportunities in MENA’s real estate sector and an onstage analysis of the ongoing billion-dollar plus financial restructuring of Azmeel Contracting Co. and concluded with discussions focusing on preparing corporates and banks for the turbulent market ahead.

The event was attended by regulatory authorities, large corporates and family offices, commercial banks, restructuring advisories, asset managers, law firms, hedge funds and distressed market investors among other key stakeholders.