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Algosaibi Family Looks to Rebuild After $7.5 Billion Debt Deal

The Algosaibi family is keeping most of their company’s operating businesses as part of a deal with creditors and will eventually look to restore them by going back to the credit market, according to Simon Charlton, the Saudi conglomerate’s chief restructuring officer.

“Clearly we need to go through the restructuring, there are various steps we need to undertake to meet our obligations under the agreement,” Charlton said in an interview Sunday with Bloomberg Television.