Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

Saudi Firms Continue Multi-Billion Dollar Global Legal Battle

The multi-billion dollar legal fight between two prominent Saudi families is continuing unabated after breaking out more than two years ago. There have been recent twists and turns in Ahmad Hamad Algosaibi & Brothers (AHAB) global tussle with business tycoon Maan al-Sanea and his Saad group of companies. AHAB continues to claim it is the victim of a huge fraud allegedly...