Bahraini bank group seeks bankruptcy protection
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Bahraini bank group seeks bankruptcy protection
MANAMA, 2 hours, 2 minutes
ago
A group of investment vehicles owned by a Bahraini bank are seeking US bankruptcy protection to shield more than $200 million from Saudi Arabia's Ahmad Hamad Algosaibi and Brothers, agency reports say.
Awal Finance Company, a subsidiary of Bahrain's Awal Bank, and half a dozen special-purpose vehicles last week filed for protection in US Bankruptcy Court in New York under Read more [...]