Saudi court settles decade-old business dispute between billionaire families
Saudi Arabia’s largest and longest debt saga, fuelled by a feud that has split one of its richest families, could be nearing a resolution after a court approved about $14 billion in claims related to the collapse of two business empires a decade ago.
The Saudi court has accepted more than $7 billion in claims from creditors against the Algosaibi family’s conglomerate AHAB, and about $6.5 billion against tycoon Maan al-Sanea and his company Saad Group.
Saudi court settles decade-old business dispute between billionaire families
Legitquest is a Legal-Tech venture run by a versatile team of tech-savvy attorneys, engineers and designers who aim to make the practice of law simpler for its end users. We have eminent jurist Mr. Ram Jethmalani as our patron
Add a Comment