As economic instability, turbulent markets and increasing risks from geopolitical tensions weigh in on MENA economies combined with the economic impact from protracting oil prices, the MENA region is in effect preparing for a significant surge in corporate insolvencies. The listed banks in the region are contending with USD 50bn in non-performing loans, a testament to the escalating financial pressures, while the Americas have been witnessing a 360% increase in troubled bonds and loans since 2021 and Europe faces a $785 billion debt wall due in the next few years, according to Bloomberg. This financial tumult witnessed the world over and within the region underscores the urgency for robust restructuring solutions.
The 3rd Annual Financial Restructuring MENA Conference provides a strategic platform for the region’s corporate restructuring community aimed at transforming financial distress into economic resilience by driving corporate recovery, while enabling the lenders to keep their special assets portfolios in check. The conference will convene large corporates undergoing insolvency, top-tier banks, policymakers, restructuring advisories, law firms, hedge funds and other key stakeholders to discuss live multi-billion dollar restructuring cases, address challenges in effectively curtailing special assets portfolio, explore best practices, while assessing amendments made to some of the regional bankruptcy frameworks and its impact on restructurings in the region.
International Business Magazine is a Media Partner for this event
