Latest news about Maan Al Sanea Results 1-16 of 183CLARIFICATION – MAAN AL-SANEA AND THE SAAD GROUP OF COMPANIES- Arabian BusinessJan 17, 2010 We recently published a series of articles relating to Maan Al-Sanea and the Saad Group of Companies including “Saudi Rich List 2009-courting controversy’ and ‘Exclusive: Al-Sanea accused of forging dying man’s signature.’ The articles contained a number of claims that have been made by Ahmed Hamad » more Former TIBC chief produced films- The NationalFeb 14, 2010 The former chief executive of a Bahraini bank allegedly linked to a US$10 billion (Dh36.72bn) fraud in Saudi Arabia also produced independent American movies, The National has learnt. Glenn Stewart, formerly the head of The International Banking Corporation (TIBC) in Bahrain, was credited as an » more Judge puts brake on al Sanea case- The NationalJan 6, 2010 NEW YORK // A judge has ordered a halt to evidence gathering in a dispute between Ahmad Hamad Al Gosaibi and Brothers and the Saudi billionaire Maan al Sanea, saying he was not convinced the hearing should be in his court. I am very, very concerned that these cases do not belong here, said the » more Al Sanea resists investigators' interview demands- The NationalJan 4, 2010 Lawyers for Maan al Sanea, the Saudi billionaire accused by a domestic conglomerate of embezzling US$10 billion (Dh36.73bn), are challenging legal efforts to question him in connection with a New York court case. In a hearing scheduled today, lawyers were set to argue that Mr al Sanea should not » more Deutsche Bank, Gosaibi battle in NY court- Maktoob BusinessSep 23, 2009 Deutsche Bank AG and a banking unit of Saudi Arabia's Al-Gosaibi family battled in court on Wednesday over whether to throw out a $74.2 million claim by the German bank, part of a flurry of lawsuits involving billions of dollars and allegations of fraud. New York State Supreme Court Justice Bernard » more UAE lenders own up to troubled debts- The NationalSep 30, 2009 Banks across the UAE on Wednesday moved to reveal their exposure to the financially troubled Saad and Al Gosaibi groups after the market regulator demanded a greater level of disclosure. The UAEs two main stock exchanges asked listed banks to reveal their exposure to the Saudi conglomerates in » more Al-Gosaibi denies debt talks with UAE cbank- Maktoob BusinessOct 27, 2009 DUBAI - Representatives of Saudi Arabia's Al Gosaibi family recently held meetings with officials from the Central Bank of the United Arab Emirates but a deal to settle debts with local lenders wasn't on the agenda, according to a spokesman for the family. Abu Dhabi government-owned newspaper The » more Gosaibi offering pennies on dollar to settle- Maktoob BusinessNov 18, 2009 DUBAI - Troubled Saudi conglomerate Ahmad Hamad Al Gosaibi Bros. & Co., or AHAB, is offering creditors as little as 8.6 cents on the dollar to settle outstanding debts, bankers familiar with negotiations said. "Banks find this ridiculous," said a banker, with exposure to the group, based in the » more Saad unit lenders meet, liquidators appointed- Maktoob BusinessNov 11, 2009 LONDON - Creditors of Saad Investments Company Ltd held their first official meeting on Thursday, accountancy firm Grant Thornton said, taking a next step in the troubled firm's restructuring process. Banks are seeking repayment of a loan of up to $2.8 billion taken out in 2007 by Cayman » more Sanea: I'm scapegoat for rivals' woes- Maktoob BusinessOct 14, 2009 DUBAI - Maan al-Sanea, one of the two billionaires at the heart of Saudi Arabia’s biggest corporate scandal, accused his rivals of making him a scapegoat for their own financial losses, UAE daily the National reported on Wednesday, citing court documents. Saudi and foreign banks have lent billions » more Under fire Saad group faces new suit- The NationalSep 16, 2009 Societe Generale, one of Frances largest banks, has filed a lawsuit in London against the Saad Group over a US$50 million (Dh183.6m) loan default. The bank lodged its complaint in Londons High Court last month, accusing a unit of the Saudi family-run business of failing to pay back a $50m loan » more Conglomerate Feud Tarnishes Saudi Image- Asharq AL-AwsatOct 29, 2009 CAIRO (AP) — It goes well beyond the average family squabble. For months, two billionaire families in Saudi Arabia, linked by marriage, have been locked in a bitter legal battle centered on an estimated $22 billion debt implosion and allegations of billions of dollars in fraud. Bank accounts have » more |
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