Latest News for: Dammam law

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Algosaibi family looks to rebuild after $7.5 billion debt deal

Arabian Business 20 Sep 2021
Ahmad Hamad Algosaibi & Brothers Co., which has been locked in legal battles and negotiations with creditors over $7.5 billion of debt since 2009, had its proposal to restructure the obligations ratified by a Saudi court – in the first major test for the kingdom’s new bankruptcy law.
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Saudi Arabia's AHAB settles 12-year debt dispute

The National 08 Sep 2021
The voting took place on September 7 and the results will now be submitted to the Commercial Court in Dammam in Saudi Arabia.Read More. Algosaibi seeks settlement under Saudi bankruptcy law in bid to resolve 10-year legal saga ... "Without the law, the stalemate would have gone on forever ... The law gave us the framework to do that."Updated.
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Who’s Who: Dr. Reem Al-Shinawi, bioethics and law consultant at Dammam’s King Fahd Specialized Hospital

Arab News 23 May 2021
Researcher and bioethics and law consultant at the King Fahd Specialized Hospital in Dammam, Dr ... degrees in healthcare ethics and medical laws and fellowship specialized in leading ... Following that, Al-Shinawi worked for free for a year at Dammam’s King Fahd Specialized Hospital.
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Kidnapped 20 years ago, boy reunited with family in Saudi Arabia

Gulf News 19 Feb 2020
A woman in Saudi Arabia was finally caught by the long arm of the law — more than 20 years after she started kidnapping new borns from a hospital in Dammam, a city in the Kingdom's eastern province ... Mohammad Amari kidnapped from the Women and Childbirth Hospital in Dammam in 1996, who lived till today under the name of Ali Image Credit.
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A Saudi family feud, a decade-long debt saga and a court's $14 billion decision

Yahoo Daily News 07 Jan 2020
A court-driven end to the saga would not only offer some relief to those creditors, but more broadly would be an important sign to international investors, as the cases would be resolved under a new bankruptcy law introduced in 2018 as part of reforms aimed at making the kingdom more investor friendly.
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