Suq Al Mal

Beatrice and Benedict Discuss the Value Surge 1 February Thompson Reuters reported that following recent reported efforts by the KSA G...

Here's an update from Bell Pottinger Middle East on the case.  BPME is the PR company used by Charles Russell for the Awal Bank engageme...

In response to my request I received the following from Alisdair Haythornthwaite at Bell Pottinger Middle East (UAE) .   BPME is a division ...

There's a report in AlQabas Thursday edition that Judge Groper denied Awal Bank's Chapter 11 petition.  At this point, there is not...

Updated for comments on Chapter 11. Here are some additional details on Awal's filing. The case number assigned by the Bankruptcy Cour...

In terms of recovery all venues are likely to be highly inconvenient. Update :  See subsequent post . According to news reports on Bloomb...

Mohamed Sha'ban at Al Qabas reports that having received judicial authority, Boubyan will sell some 300,000 shares in International Fi...

If you've been following the continuing dispute between AHAB and Mr. Al Sanea, you know from reading Frank Kane over at The National t...

Here at Suq Al Mal some of the most vigorous exercise we get is from patting ourselves on the back.  Before I head to the showers after th...

There has been a remarkable reversal of fortune of late for AHAB.   First was the decision by Trowers and Hamlins back in June to sue AHAB...

    Warning:  Ethics Depicted in Picture May be Smaller Than They Appear In  my earlier post analyzing the Awal Bank L/C I spent a bit of ...

In discussing the Fortis lawsuit against ADIB , I mentioned that ADIB was also a defendant in a lawsuit brought by BNP Paribas' "F...

Citi, the Delegate on Saad's Golden Belt Sukuk 1, has posted a notice on the BSE listing the legal cases  it is aware of involving Mr. ...

See important additional information here on Bunge's role in transaction and ADIB's knowledge of the nature of the transaction. As...