Middle East Economic Survey
VOL. LIV
No 40
3-Oct-2011
SAUDI ARABIA
Judge Lifts $9.2Bn Sanea Global Asset Freeze Order
The worldwide freeze on the $9.2bn assets of Saudi business tycoon Maan al-Sanea has been lifted by a Cayman Islands judge. The freeze went into effect after legal action was brought against him by Ahmad Hamad Algosaibi & Brothers (AHAB), with the prominent Saudi family claiming that it is the victim of a fraud allegedly perpetrated by Mr Sanea. The latter, who is related...
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