From rapid technological developments and climate change issues to geopolitical and economic instability, the world has become increasingly challenging to navigate.
“Business as usual" is no longer an option - organizations must embrace innovative strategies more than ever to stay ahead. At Deloitte Middle East, we take pride in providing our clients with effective solutions.
Over the past year, we have focused on driving meaningful progress, working diligently to ensure our clients are equipped to overcome challenges and seize new opportunities.
Deloitte Middle East continues to create lasting impact by envisioning better futures and pioneering industry-defining innovations that empower business leaders to drive change and deliver enduring value. Our success in restructuring Emirates Hospitals Group under the UAE Bankruptcy Law, led by our Turnaround and Restructuring team, is a testament to our commitment to delivering exceptional service and creating lasting value for our clients.
Approved by the court and the majority of creditors, this milestone in the successful implementation of the restructuring involved establishing a new creditor-owned corporate structure, installing a new senior management team and board, securing new funding, and implementing a strategic recapitalization to align debt service capacity with commitments to strengthen the group’s future. The restructuring has preserved over 2,000 jobs, ensured continued access to medical care, and positively impacted the local economy. Notably, it marks the first successful large-scale and complex restructuring under the UAE Bankruptcy Law.
This achievement in successfully leading the first high-profile onshore bankruptcy case in the UAE exemplifies that our team, which includes insolvency specialists, is uniquely positioned to support creditors and debtors in their use of the UAE Bankruptcy Law to provide successful restructuring solutions. By combining our deep industry knowledge with robust analytical capabilities, we were able to deliver valuable insights and strategic guidance that were instrumental in facilitating this complex restructuring.
The successful completion of this project is a testament to our commitment to delivering exceptional service and creating lasting value for our clients. By working closely with Emirates Hospitals Group, we were able to understand their unique needs and objectives, providing tailored solutions that aligned with their strategic vision. This collaboration not only highlights our technical proficiency but also our dedication to fostering strong, long-term relationships with our clients.
Deloitte Middle East's latest engagement underscores our role as a trusted advisor and partner, offering unparalleled expertise and innovative solutions that empower our clients to thrive. Our successful restructuring of Emirates Hospitals Group serves as a powerful example of how we can help our clients seize opportunities and achieve success in a rapidly evolving market.