Ahmad Hamad Algosaibi & Brothers (AHAB)
AHAB’s default on substantial debt was due to inadequate risk management and internal controls…
Saudi Arabian Airlines Technical Services Company
The company failed to adapt its business model in response to market changes, leading to operational inefficiencies…
PetroRabigh
In 2019, PetroRabigh faced scrutiny for discrepancies in financial reporting, resulting in a significant loss of shareholder trust…
Al-Khodari
Another construction giant, Al-Khodari, filed for bankruptcy after facing financial distress attributed to mismanagement and an inability to adapt to market…
Saudi Oger
A prominent construction firm, Saudi Oger suffered a financial crisis due to overreliance on government contracts and insufficient diversification…
Etihad Etisalat (Mobily)
Mobily, a major telecommunications provider, encountered financial discrepancies resulting from aggressive revenue recognition and inadequate…
Drake & Scull International (United Arab Emirates)
Drake & Scull International (DSI), a construction and engineering firm, faced significant financial distress due to mismanagement and…
The Abraaj Group (United Arab Emirates)
The Abraaj Group, once the largest private equity firm in the Middle East, faced liquidation in 2018 after allegations of misusing…
Bed Bath & Beyond (2022-2023)
The retailer failed to adapt to the digital transformation in the retail industry, lagging in e-commerce development…
Credit Suisse (2021-2023)
Credit Suisse suffered from inadequate risk management frameworks, leading to significant losses from exposures like the Archegos Capital and…