Wednesday 15 June 2016

Saudi Arabia’s Algosaibi CFO Jones Said to Leave Amid Debt Talks - Bloomberg

Saudi Arabia’s Algosaibi CFO Jones Said to Leave Amid Debt Talks - Bloomberg:

"Ahmad Hamad Algosaibi & Brothers Co. Chief Financial Officer Ben Jones left the Saudi Arabian company as it seeks to resolve debt talks with banks after the Middle East’s biggest default, according to a person with knowledge of the matter.
Jones is exploring other options, said the person, asking not to be identified because the matter is private. Algosaibi hired Jones and Simon Charlton as chief executive officer from Deloitte LLP in June 2013 as the company reopened negotiations with creditors to restructure about $6 billion of debt. Jones wasn’t immediately able to comment when contacted."



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