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...
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