We had an update on one of the Gulf’s biggest – and bitterest - bankruptcy cases: Saudi Arabia’s Al Gosaibi group. Back in 2009 it defaulted on billions of dollars of debts, in what was Saudi Arabia’s biggest financial meltdown, leaving local and international banks with unpaid debt of about $22 billion.

This week - on Wednesday - a new bankruptcy court in Saudi Arabia will hear the case, in what's being described as a legal landmark for The Kingdom. Simon Charlton is Chief Restructuring Officer Acting Chief Executive Officer at Ahmad Hamad Algosaibi & Bros. joined us on the show.