Nearly three out of four (70 per cent) chief executives in the GCC expect to see an increase in the number of distressed businesses over the next year, according to a survey by Alvarez & Marsal.
The Q2 2023 edition of the Middle East Turnaround and Restructuring Survey by the professional services firm has thrown up this somewhat surprising finding, given that the outlook for most sectors in the GCC has improved in recent months .
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