Middle East Economic Survey

VOL. LIV

No 26

27-Jun-2011

MEES Agenda

Algosaibi To Continue Global Legal Battle Despite UK Setback

Despite losing a lawsuit in the UK on 15 June against five international banks, Ahmad Hamad Algosaibi & Brothers (AHAB) has resolved to continue waging its multi-billion dollar legal battle against business tycoon Maan al-Sanea, who controls the Saad Group. The two prominent Saudi family firms are fighting each other in legal actions peppered around the globe,...