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Algosaibi

Maan Al Sanea

Cayman court orders Al-Sanea to pay in Saudi spat

The judgement will allow the family to go after the money, though it is unlikely to be the final word on the rift in the clan, which has left some of the world's biggest banks nursing billions of dollars in losses.

June 20, 2012 2:00
 
The $22B-mystery: how did ‘name lending’ lead to the collapse of banks in the region

The $22B-mystery: how did ‘name lending’ lead to the collapse of banks in the region

Mohammed Algosaibi talks to Reuters about the $22-billion-lesson his family learned about the dangers of ‘name lending’ in the Middle East.

June 13, 2011 12:57
 

Awal Bank extends bankruptcy process to U.S.

Bank files for Chapter 11 in New York; Awal controlled by Saad, Al-Sanea; More than $1 billion liabilities shown in petition.

October 23, 2010 12:38
 

Distressed Saudi conglomerate Saad vows to pay banks

Reuters data suggests loans worth around $5.5 billion are due in 2012; More than 120 banks believed affected.

April 23, 2010 9:43
 
7 big regional financial events in 2009

7 big regional financial events in 2009

From Dubai’s debt debacle to Saudi’s Saad and Algosaibi case, the Gulf States saw many major economic happenings that shook the world.

December 27, 2009 7:10
 

UAE: 13 banks exposed to Saad and Algosaibi fiascos, says central bank governor

The UAE central bank governor announced on Monday that 13 banks…

September 28, 2009 2:12
 

Saad and Algosaibi owe ADCB AED2.24 billion

Abu Dhabi Commercial Bank (ADCB) is owed AED2.24 billion by troubled Saudi firms…

September 23, 2009 2:56