Maan Al-Sanea, News, Pictures, Buzz

Source: Google
Maan Al-Sanea
  Saudi firm AHAB files for financial
Saudi firm AHAB files for financial restructuring under new bankruptcy law  Gulf Business NewsSaudi conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) said on Wednesday it had filed last week for a financial restructuring under Saudi Arabia's ...
Posted on 13 March 2019 | 10:29 pm
  AHAB files for financial restructuring under
AHAB files for financial restructuring under Saudi bankruptcy law  ReutersSaudi conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) said on Wednesday it had filed last week for a financial restructuring under Saudi Arabia's ...
Posted on 13 March 2019 | 10:36 am
  Saudi court approves detained tycoon Sanea's
Saudi court approves detained tycoon Sanea's bankruptcy filing  NasdaqDUBAI/RIYADH, March 9- A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have.
Posted on 9 March 2019 | 4:56 am
  Exclusive: Saudi court approves detained
Exclusive: Saudi court approves detained tycoon Sanea's bankruptcy filing  ReutersSaudi Arabia approves detained former billionaire's bankruptcy plea  The New ArabDetained tycoon Sanea's bankruptcy filing approved by Saudi court  The Jerusalem PostNew Saudi bankruptcy law may resolve $22 billion Saad debt saga  ArabnewsView full coverage on Google News
Posted on 9 March 2019 | 4:31 am
  The Middle East across the decades -
The Middle East across the decades  Euromoney magazineWorking in Beirut in 1974 was a formative experience for Padraic Fallon, the long-serving editor and later chairman of Euromoney, and since then the magazine ...
Posted on 7 March 2019 | 12:00 am
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Maan Al-Sanea
  UK Litigation Roundup: Here's What You
UK Litigation Roundup: Here's What You Missed In London  Law360Law360, London (February 15, 2019, 11:04 PM GMT) -- The last week has seen the European arm of a Japanese investment bank sue a Saudi billionaire, the ...
Posted on 15 February 2019 | 12:00 am
  In The Courts: Civil Procedure - Litigation,
In The Courts: Civil Procedure - Litigation, Mediation & Arbitration - British Virgin Islands  Mondaq News AlertsWhen a Russian company brings a claim in the BVI against two Russian employees, employed under Russian law *service* agreements, it is perhaps not ...
Posted on 7 February 2019 | 12:00 am
  Bluefin tuna sold for $3 million in auction
Bluefin tuna sold for $3 million in auction at Tokyo fish market  Al-ArabiyaA 612-pound (278-kilogram) Bluefin tuna sold for a record 333.6 million yen ($3 million) in the first auction of 2019, after Tokyorsquo;s famed.
Posted on 5 January 2019 | 12:00 am
  A look back at the year that was - Cayman
A look back at the year that was  Cayman CompassThe year 2018 was an eventful one for the Cayman Islands. A new governor appointed to take over from Helen Kilpatrick lasted in the position a mere 11 weeks ...
Posted on 26 December 2018 | 12:00 am
  Frank Sinatra auction fetches $9.2 mln in
Frank Sinatra auction fetches $9.2 mln in New York  Al-ArabiyaIt was definitely “All” rather than “Nothing at All” at a Frank Sinatra auction in New York, where items owned by the late icon and his fourth wife fetched $9.2 ...
Posted on 8 December 2018 | 12:00 am
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Maan Al-Sanea
  Saudi's Saad Group and creditors select
Saudi's Saad Group and creditors select advisers in bid to resolve debt dispute  Gulf Business NewsSaad Group and bank creditors of the Saudi Arabian conglomerate have both selected advisers in a bid to try to reach a deal that could help end the kingdom's ...
Posted on 6 December 2018 | 12:00 am
  Saudi billionaire Maan al-Sanea property
Saudi billionaire Maan al-Sanea property auction fetches over $54 mln  Al-ArabiyaSales from the third auction of the property of Saudi businessman Maan Al-Sanea, consisting of 10 properties distributed between residential and.
Posted on 4 December 2018 | 12:00 am
  Saudi's AHAB turns to new bankruptcy law to
Saudi's AHAB turns to new bankruptcy law to settle with creditors  Gulf Business NewsConglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) has become the first company to file for a settlement under Saudi Arabia's new bankruptcy law, ...
Posted on 3 December 2018 | 12:00 am
  Algosaibi seeks settlement under Saudi
Algosaibi seeks settlement under Saudi bankruptcy law in bid to resolve 10-year legal saga  The NationalAhmad Hamad Algosaibi and Brothers (AHAB) filed for a protective settlement procedure, becoming the first Saudi company under the kingdom's new ...
Posted on 3 December 2018 | 12:00 am
  Saudi Arabia’s New Bankruptcy Court Gets a
Saudi Arabia’s New Bankruptcy Court Gets a $6 Billion Test  Wall Street JournalA Saudi business empire that defaulted on billions in loans during the global financial crisis is trying to settle its debts through the kingdom's new bankruptcy ...
Posted on 3 December 2018 | 12:00 am
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Maan Al-Sanea
  Auction of detained Saudi tycoon Maan
Auction of detained Saudi tycoon Maan al-Sanea's properties to start in December  Gulf Business NewsSaudi Arabia will start auctioning real estate assets of billionaire Maan al-Sanea and his company on Dec. 2 to help repay billions of dollars due to creditors, ...
Posted on 11 November 2018 | 12:00 am
  Dammam transport plan to improve
Dammam transport plan to improve connectivity  ZAWYAJEDDAH: The first phase of the public transport plan for Dammam will be launched this month to establish the main structure for connecting it to other major ...
Posted on 1 November 2018 | 12:00 am
  Grant Thornton's UAE chief has ringside seat
Grant Thornton's UAE chief has ringside seat to the Gulf's transformation  Arab NewsDUBAI: Grant Thornton is riding just outside the leading pack of the Big Four accounting and consulting giants and, talking to the chief of its UAE business, ...
Posted on 13 October 2018 | 12:00 am
  Saudi Arabia's reforms offer hope for
Saudi Arabia's reforms offer hope for cautious investors  Gulf Business NewsSaudi Arabia's first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more ...
Posted on 27 September 2018 | 12:00 am
  Saudi Arabia auctions real estates of
Saudi Arabia auctions real estates of billionaire Maan al-Sanea  apherald.com - unit of India Herald Group Publishers [P] LIMITEDRiyadh sources stated that Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to he.
Posted on 19 September 2018 | 12:00 am
Source: Twitter
Maan Al-Sanea
  hadeelalsayegh: RT @MarwasTweets: Co. of
hadeelalsayegh: RT @MarwasTweets: Co. of indebted #Saudi billi#~@#aire #Maan #al-Sanea has filed for bankruptcy under a new law that makes it easier for cred…
Posted on 1 March 2019 | 2:48 am
Source: Answers
Maan Al-Sanea
  Resolved Question: When people talk about
Such as when someone has things to say of that Pakistani, that indian, that chinese etc etc.. im kinda getting fed up with it all. Is this racism? I know many people from different cultures such as arabs, americans, british that commit fraud, who cheat etc etc.... so please think of the context before you submit a question, think of the bigger picture. @Mahesh N - Well said i like your elaboration, and its all true well said again and thank you @H - No H you got me wrong, it was a general question, nothing to do with what you said at all. Like everyone else i have my free will to ask question. @H - Ans yes to the point westerners cheat their own kind even in there own countries, it happens but people dont see maybe they dont want to and turn a blind eye. I agree asians are cheaters but not as bad as Americans, british who have cheated muslims all over the globe, and also westerns cheated there own fellow men out of money etc etc... @Anna - Thank you for your kind words, and your input @H - I can ask what i want here, like other people, whats accomodation go to do with it, i know you are a clever and smart girl you dont have to tell me, many questions get posted in the UAE section including mine, i have every right to post what i want. If you have and mahesh have any friction please sort it out your selfes, i like what he said with out offending others, i dont think he was being racist he was just clarifying the facts which he strongly believes in. We all share our views and opinions here and its not racism, I know H you are not racist but niether am i, I dont know about others. Have you ever notices some of the replies i get H there personal and offensive but i brush it to one side. H as i said before your a good person, keep it up :)) i have nothing against you.
Posted on 17 February 2010 | 5:21 pm
  Resolved Question: The National publishes a
The media is biased. Rather than talk about Indians running away with their money, they talk about Dubai world and Maan al Sanea. I thought the National was not a tabloid like the gulf news. http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089894/1040
Posted on 8 February 2010 | 1:10 pm
  Resolved Question: 4 years delay and not
If any one of us delay making a payment that is due to a developer / financial institution, we would have the cops hunting for us. When Nakheel or Maan al Sanea (Saad Group) use OPM (other people's monies) and get away for years at length, we are simply left helpless. The moral of the story is if you wish to default - make sure that you are really big. If you owe the bank 50K, you're screwed, if you owe the bank 50 Million, the bank is screwed.
Posted on 14 November 2009 | 2:34 pm
  Resolved Question: It is a slow news day so
the UAE's and Saudi's ability to buy our bonds in the near future? http://www.bloomberg.com/apps/news?pid=20601109&sid=aFIHYzyZB0gA ‘Never Go Bust’ Families Mean End of Easy Credit (Update2) Sept. 17 (Bloomberg) -- Maan al-Sanea, one of Saudi Arabia’s richest men, operates his corporate empire barricaded behind a four-foot high concrete wall, painted in bright red stripes. A second, higher wall is topped with barbed wire, a reminder of the terrorist attack on his company’s nearby residential compound five years ago that killed 22 people. Now al-Sanea is under a different kind of siege, this time from the family he married into and helped make him wealthy. In a region where business disputes are routinely settled in private, the family feud between the two most prominent names in the Saudi oil city of Al-Khobar -- Algosaibi and al-Sanea -- has erupted into public and curbed lending across the Gulf. Eighty banks, including BNP Paribas SA and Citigroup Inc., are owed at least $15.7 billion, sparking a flurry of litigation. The battle has increased pressure for more transparency among the region’s family-run firms and less reliance on name lending, or borrowing based on reputation. “With Maan al-Sanea or the Algosaibi family, the perception was that they would never go bust or never default,” Yazan Abdeen, a Dubai fund manager at ING Investment Management, said. “Facts are showing that this can happen. The banks in Saudi, Kuwait and the United Arab Emirates will get a hit, and this will make the banks alter their own lending models. It’s like a ‘black swan’ event, something no one saw coming.” Al-Khobar, an oil-rich seaside city in the Persian Gulf, 250 miles east of Riyadh, is the center of a legal and financial struggle that has seen some of the Algosaibis accuse al-Sanea, ranked 62nd on this year’s Forbes magazine list of richest people, in court filings of siphoning off $10 billion in assets while he was running a money-management business for them. Accounts Frozen The Saudi Arabian central bank ordered a freeze of al- Sanea’s accounts, bankers familiar with the instructions said on May 31. The Algosaibis then used a Cayman Islands court order to try to freeze $9.2 billion of his assets, court documents show. “All of the allegations made are wholly without foundation,” al-Sanea’s company, Saad Group, said yesterday in an e-mailed statement. “While maintaining an absolute focus on its own restructuring, the Saad Group will respond appropriately and in a timely fashion to the erroneous claims made against it. However, this will be through a proper judicial process and not through the media.” The Algosaibis declined to comment for this story, James Courtovich, a Washington-based spokesman for the family, said. read the rest--- http://www.bloomberg.com/apps/news?pid=20601109&sid=aFIHYzyZB0gA
Posted on 17 September 2009 | 2:50 pm
  Resolved Question: Maan Al Sanea full birth
Posted on 14 July 2009 | 9:37 pm



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