01 May 2012
(MENAFN) Falcon Gas Storage Company, a unit of Bahrain investment firm Arcapita has filed for bankruptcy protection in the United States, Arabian Business reported.
The firm also plans to file a motion for joint administration with its parent company for the ongoing Chapter 11 restructuring.
The move aims to address liabilities of its 2010 sale of NorTex Gas Storage Company.
Arcapita filed for Chapter 11 bankruptcy protection in the US in March. Its debt maturity was considered as one of the most challenging liabilities facing the region in 2012, given its poor cash position and the difficulty of selling assets to raise cash in a global market troubled by Europe’s debt crisis.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more