Vimeo
LinkedIn
Instagram
Share |

Cayman Islands

August 3, 2010

Courts in both New York and the Cayman Islands have dismissed lawsuits related to the dispute between family-owned Saudi Arabian conglomerates Saad Group and Ahamad Hamad Algosaibi and Brothers.

Courts in both New York and the Cayman Islands have dismissed lawsuits related to the dispute between family-owned Saudi Arabian conglomerates Saad Group and Ahamad Hamad Algosaibi and Brothers.
 

August 3, 2009

Maan Al-Sanea, the billionaire owner of the Saad Group, plans to dispute the Cayman Island court order that froze $9.2 billion of his assets last week.

Maan Al-Sanea (pictured), the billionaire owner of the Saad Group, plans to dispute the Cayman Island court order that froze $9.2 billion of his assets last week.

A statement by a Saad spokesperson said: "Saad will respond fully to all of these claims through the proper judicial process and definitively demonstrate their lack of any foundation. The claims have been made before a full investigation has taken place and rely on partial and incomplete information."

Click here >>
Close