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Maan al-Sanea

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
 
Will UAE companies face justice, US style?

Will UAE companies face justice, US style?

Barker-Homek’s half billion dollar suit against Taqa is just the latest lawsuit filed against UAE and Gulf companies in the US. But there’s no guarantee it will succeed there.

September 1, 2010 4:41
 
Blown billions, Part II

Blown billions, Part II

Banks in the Gulf and beyond are reeling from Saudi Arabia’s Saad and al-Gosaibi scandal. We look at the web of relationships behind a dispute that will change the way business is done in the region, reports Trend magazine. Part II

October 17, 2009 9:27
 
Blown billions, Part I

Blown billions, Part I

Banks in the Gulf and beyond are reeling from Saudi Arabia’s Saad and al-Gosaibi scandal. We look at the web of relationships behind a dispute that will change the way business is done in the region, reports Trend magazine. Part I

October 14, 2009 4:44
 

Al Ahli Bank to sue Saad Group and chairman

Kuwait’s Al-Ahli Bank is planning on suing Saad Group and its founder and chairman, Maan al-Sanea, for…

September 23, 2009 2:57
 
Saudi banks not threatened by Saad fiasco

Saudi banks not threatened by Saad fiasco

The governor of Saudi Arabia Monetary Agency (SAMA) said that Saad and Algosaibi Groups’ $22 billion debt poses no threat to the nation’s banking system. What?

September 2, 2009 10:10
 

Algosaibi files countersuit against Mashreqbank

Ahmad Hamad Algosaibi & Brothers, a Saudi conglomerate, announced on Monday it will sue...

August 25, 2009 1:03