Middle East Economic Survey

VOL. LII

No 38

21-Sep-2009

SAUDI ARABIA

Algosaibi Steps Down As Sambas Chairman

Samba Financial Groups Chairman Sa'ud bin 'Abd al-'Aziz Algosaibi has stepped down, according to a brief announcement on the Saudi stock exchange (Tadawul). Mr Algosaibi is a senior executive at Ahmed Hamad Algosaibi and Brothers (AHAB), which has become embroiled in a dispute with Ma'an al-Sanea, who is married to one of the daughters of the AHAB founders, and heads up another privately...