ROTHSCHILD bank in pursuit of $15 billion Saudi BINLADIN Group debt revamp ...News

Multinationals Rothschild and Moelis have been shortlisted to advise on restructuring about $15 billion of debt at Saudi Arabia’s biggest construction firm, Saudi Binladin Group. According to Bloomberg, citing its sources, the investment banks made bids last month for what would be one of the Middle East’s biggest debt revamps. People familiar with the matter said Ken Moelis, the founder and CEO of Moelis, travelled to the kingdom to lead the process. Also on rt.com Binladin Group to resume building giant Mecca hotel The sources added that Goldman Sachs

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