Haykala - IMAP Saudi Arabia acted as the lead advisor to Azmeel Contracting Company (“Azmeel”) in restructuring $2 billion of its financial obligations. Azmeel, a leading construction contractor in Saudi Arabia and the GCC, has an extensive portfolio of mega-projects and has worked with prominent clients such as Aramco, SABIC, and others.

As Chief Restructuring Officer, Haykala - IMAP Saudi Arabia led the entire restructuring process, from developing the strategy and business plan with Azmeel’s management to securing creditor approval.

Leveraging its deep expertise in financial restructuring and strong relationships with financial institutions and legal advisors, Haykala ensured that the restructuring plan was both compliant and effective in stabilizing Azmeel’s finances. By guiding the company’s leadership through complex negotiations, Haykala facilitated Azmeel’s recovery, averting liquidation and laying the foundation for future growth and stability.