MSI's Saudi Arabian accounting member BMB Advisory & Assurance was successful in the Saudi Arabian Courts to obtain approval for the largest financial restructuring case in the country's history under the relatively newly enacted Bankruptcy Law. The reorganization size is close to $640 million and involved over 6000 debtors for one of the largest contracting companies in the GCC area.
BMB Advisory & Assurance according to a survey conducted by the Ministry of Commerce and Industry, ranked number eighteen according to the number of audit clients for the year 2020. Of course, this year was very difficult for many reasons, especially COVID-19 effect on the markets and business and strong competition.
