United Arab Emirates May 22, 2023 Leading global professional services firm Alvarez & Marsal (A&M) today released the first edition of its Middle East Turnaround and Restructuring Survey for Q1 2023. The survey asked respondents to indicate whether they anticipate an increase or decrease in businesses experiencing financial distress across the GCC, together with their views on the extent of intervention by turnaround specialists that will be required. Key findings were as follows:
- The vast majority 89 percent of respondents are expecting an increase in businesses experiencing distress in 2023-2024 and see a need for specialist intervention in critical areas including liquidity management, cost reduction, capital efficiency and marg…
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