Abu Dhabi to Host 'Annual Financial Restructuring MENA Conference' on February 19

Abu Dhabi Global Market (ADGM) is gearing up to host the much-anticipated 2nd Annual Financial Restructuring MENA Conference. Scheduled for the 19th to 20th February at the ADGM premises in Abu Dhabi, this event promises to be a pivotal gathering for restructuring experts from around the globe. The conference aims to address the pressing issue of corporate insolvencies in the region, exacerbated by rising interest rates and inflation.

In collaboration with the Bankruptcy Commission Saudi Arabia 'EISAR' and the International Finance Corporation (IFC), the conference seeks to equip banks and corporates in the Middle East with strategies to manage the increasing defaults amid global economic slowdown and tightening interest rates. Alexander Erofeev, Chief Special Operations Officer at IFC, highlighted the anticipated rise in restructuring activities worldwide and stressed the importance of this conference for stakeholders to discuss potential restructuring scenarios and practical solutions.

Abdullah Al-Mogheerah, Secretary-General of EISAR, emphasized Saudi Arabia's commitment to facilitating market reintegration through its bankruptcy law. He noted EISAR's active role in offering services and collaboration to leverage this law effectively for financial restructuring and settlement procedures.

The conference will kick off by reviewing progress in corporate restructuring within the region. Subsequent panels will explore topics such as managing high-profile insolvencies, achieving successful turnarounds in leveraged situations, evolving NPL management practices in MENA, and tackling buy and sell side challenges in NPL trade. The second day will focus on systemic challenges, future trends, problem loan resolution strategies, attracting new investments post-restructuring, cross-border asset tracking, and emerging trends affecting the sector.

This event is not only a platform for sharing knowledge and best practices but also an opportunity for professionals to network and discuss collaborative approaches to financial restructuring. As global economic conditions evolve, such gatherings are crucial for preparing regional markets to face upcoming challenges effectively.

With inputs from WAM