Distressed Debt Deals May Rise to 2009 Levels in Crisis-Hit Gulf
- Sancta sees opportunities in retail, healthcare, real estate
- Persian Gulf is expected to see new wave of restructurings
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The fallout of the coronavirus and oil-price collapse will offer a once-in-a decade opportunity for distressed debt investors in the Persian Gulf, according to Sancta Capital Group Ltd.
“2020 will present us with the most lucrative deep value and distressed debt investment opportunity set since the global financial crisis,” Chief Executive Officer Ahmad Alanani said in an interview in Dubai. “We have been refining an extensive target list of credits and equities in which to invest opportunistically and we expect that list to continue to grow.”