Haykala - IMAP Saudi Arabia acted as the lead advisor to Arkad Engineering & Construction (“Arkad”) in restructuring $800 million of its financial obligations. Arkad, a leading EPC contractor in Saudi Arabia’s oil and gas pipeline sector, has delivered numerous high-profile projects, including for Saudi Aramco.

As Chief Restructuring Officer, Haykala - IMAP Saudi Arabia managed the entire restructuring process, from developing the strategy and business plan alongside Arkad’s management to securing creditor approval, achieving an 85% success rate with creditors voting in favor.

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 Arkad’s finances. By guiding the company’s management and board through complex negotiations, Haykala helped convert liabilities into new equity-like financial instruments, optimize costs, and implement a sustainable business plan. This comprehensive approach averted liquidation and positioned Arkad for future stability and growth.