January 13 - Al Jaber Group has confirmed reports that its ceo, David Nelson, has resigned from the company due to "family reasons", but declined to comment on reports that its heavy lift division is no longer up for sale.
Back in August 2014, HLPFI reported on rumours that the group had hired Barclays to find buyers for Al Jaber Heavy Lift. Neither Barclays nor Al Jaber had any comment on the sale at the time.
A report by Reuters quoted three sources claiming that the sales process for Al Jaber's heavy lift business had been abandoned, due to a "reluctance to sell".
Al Jaber concluded a debt restructuring deal with its creditors in September 2014, after more than three years of negotiations.