Saudi Credit Bureau (SIMAH) , the leading
credit bureau in MENA region, becomes the Supporting Partner for the
2nd Annual Corporate Restructuring Summit (CRS 2019) , which
takes place on September 11 – 12 2019 at the Address Dubai Mall in Dubai, UAE.
Addressing the theme of “Emergence of New
Alliances: Managing Debt & Non-Performing Loans”, the summit’s vision is to
facilitate an enabling environment to address the key challenges associated
with financial restructuring of corporate debts, effective management of
non-performing assets and enabling capital adequacy and profitability through
exploring mergers & acquisitions.
" SIMAH is glad to be the supporting
partner of CRS 2019 for the first time. SIMAH becomes an
essential element of the financial infrastructure that facilitates access to
finance. Financial sector development unleashes the productive power of
enterprises and facilitates inclusion of the informal sector in the formal
economy" SIMAH's CEO Swaied Alzahrani points out.
Alzahrani clarifies that access to savings
and credit in rural areas allows farmers to smooth consumption and often
survive the unpredictable risks of droughts and natural disasters. Obtaining a
loan to send children to school helps a family create better lives for their
children and reduces the need for harmful child labor. " Having long-term
financing to build a proper home is the direct result of a complex interplay of
different financial intermediaries within the right financial infrastructure
and regulatory framework. Financial institutions play a central role in
extending financial services within an economy" Alzahrani adds.
CRS 2019 aims at promoting ease of
doing business in the emerging economies of MENA through adequate financial
restructuring laws and solutions ; managing business resilience,
continuity & contingency through strategic corporate restructuring ;
facilitating dialogue between banks, multi-national corporations facing
insolvency and other parties involved in syndicated loans’ workout to enable
financial restructuring ; facilitating establishment of successful loan
sales’ market & NPL servicing platform in the MENA and minimizing
risk exposure and driving profitability in tightening market conditions
by analyzing M&A opportunities in the financial sector.
Adding to the ongoing wave of regulatory reforms
in GCC’s financial sector, Saudi Arabia and Bahrain introduced their respective
bankruptcy laws in 2018, encouraging corporate reorganization over liquidation.
In Saudi Arabia, with the National Transformation Programme 2020 and Vision
2030 setting the stage for major transformation with the aim of optimizing the
Kingdom’s business & investment climate, the Bankruptcy Law was introduced
as part of Saudi Arabia’s regulatory reforms with the aim of further
strengthening the Kingdom’s business environment.
Key Features at CRS 2019 include : Keynote
Addresses on bolstering economic growth in the MENA by fostering a conducive
environment for doing business & transaction forecasts for MENA 2021; Exclusive
CEO’s Panel analyzing some of MENA’s biggest workouts; Regulators Panel on
driving economic growth via FDIs, M&As and minimizing bad debt portfolios;
Key Panels focused on mergers, acquisitions and divestiture, distressed
investing and NPL servicing platforms, managing NPL portfolios and
driving down regional average & more.
The summit is expected to draw participation
from over 300 prominent banks, corporates, legal-advisory firms, hedge funds,
investment banks and debt restructuring specialists from across the MENA onto
one platform by spearheading actionable debate, impactful change and high-level
To find out more about
please visit: www.crs19.com