Saturday 19 April 2014
 
»
Tag
 
»
AHAB

Algosaibi estimates assets at a fraction of claims

Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB) estimates its assets are worth less than a quarter of about $5.9 billion in claims made against it, a spokesman said as the group prepares a proposal to end one of the Middle

More…

Algosaibi strikes deal with fugitive banker

Ahmad Hamad Algosaibi and Brothers Company (AHAB) said that it had struck a deal with a former Bahrain resident in a move to recover billions of dollars, which were allegedly siphoned off in a massive fraud involving banks in Bahrain.

More…

Court orders Al-Sanea to pay $2.5bn

A Cayman Court has ordered Maan Al-Sanea to pay the Algosaibi family $2.5 billion, the latest twist in a tortuous legal battle the Saudi billionaire and his in-laws have been waging in courts across the globe since 2009. The judgement will

More…

Cayman judge lifts freeze on Al-Sanea assets

A Cayman court has ordered a worldwide freezing order on the assets of billionaire Maan Al-Sanea be lifted, as it assesses new evidence in the Saudi businessman's multi-billion dollar legal battle with his in-laws, the Algosaibi family.

More…

Algosaibis drop defence against banks' claims

The Saudi Algosaibi family gave up their fight against claims from five banks linked to a high-profile $22 billion feud within their clan over the collapse of their financial empire. The family's Ahmad Hamad Algosaibi & Brothers (

More…

Bahrain frees UK bankers in Saad case

Bahrain has released four Britons held in the country for 18 months after the banks they worked for collapsed, in a meltdown that has caused a multi-billion dollar row between two Saudi families. The four - who worked at banks related to t

More…

TIBC administrator 'wins access to key account'

Trowers & Hamlins, the international  law firm appointed as external administrator of The International Banking Corporation (TIBC) by the Central Bank of Bahrain (CBB), has won access to key financial information about the operation of a

More…

$720m claim filed against AHAB in TIBC case

Trowers & Hamlins, the law firm appointed as external administrator of The International Banking Corporation (TIBC), has filed a $720 million foreign exchange claim against Ahmad Hamad Algosaibi & Brothers (AHAB) at the Saudi Arabian

More…

Saad Group promises to pay banks

Indebted Saudi conglomerate Saad Group on Wednesday promised to repay the billions of dollars it owes but did not specify when, and said that it had not reached any agreement with banks. Reuters Loan Pricing Corp data shows two syndicated

More…

UAE cbank presses banks on provisions

The United Arab Emirates central bank has told banks to take provisions worth half their exposure to troubled Saudi firms Saad Group and Ahmad Hamad Algosaibi and Bros Co (AHAB) by year-end, a newspaper reported. Central Bank Governor Nass

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com