Deloitte advised on financial restructuring of Saudi construction firms ...United Arab Emirates

Deloitte has said that its Turnaround and Restructuring Team has advised on the financial restructuring of Eastern Trading and Contracting Company and Eastern Precast Concrete Company. The two firms are Saudi-based contracting companies with more than $320 million of debt spread across seven Saudi Arabian banks and more than 2,400 creditors. Established in 1971, Eastern Trading and Contracting Company is one of the largest construction companies in the Kingdom’s Eastern Province and has a current project portfolio of $346 million across construction, building, engineering and real estate segments with Saudi government and semi-governmental entities. Eastern Precast Concrete was established i

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Last updated : 08 April 2022 clock 01:00 PM

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Deloitte advised on financial restructuring of Saudi construction firms ...United Arab Emirates

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