This article outlines key dynamics between governments, corporates and financial institutions and how these dynamics shaped recent activities in the restructuring market in Saudi Arabia.
This market has been moulded by a myriad of factors from fluctuations in oil prices and COVID-19, to shifting macro-economic conditions and the challenges they entailed – corporates and lenders alike have changed their perspective in terms of how underperformance and liquidity issues can and should be dealt with, and a more collaborative approach among stakeholders and advisors has proven successful.