Middle East Economic Survey

VOL. LIV

No 17

25-Apr-2011

Multi-Billion Dollar Battle Rages Between Algosaibi And Sanea

The multi-billion dollar legal battle between two prominent Saudi family firms continues to rage almost two years on from when the dispute first erupted. Ahmad Hamad Algosaibi & Brothers (AHAB) is fighting business tycoon Maan al-Sanea, who controls the Saad Group, in a series of legal actions scattered through courts across the globe. In addition, banks exposed to the two...