Maan Al-Sanea
Maan Abdul Wahed Al-Sanea (born 1955, Khobar, Saudi Arabia) is a Saudi businessman of Kuwaiti origin. In 1980, he founded the Saad Group, a conglomerate with operations in construction & engineering, real estate development, financial services and investments. He has also founded a private hospital, several educational facilities and a support center for special-needs children and their families.[1] It is alleged that he funded all this by defrauding his wife's family, the Al Gosaibis.[2]
Al-Sanea’s family investment company, Saad Investments Co. Ltd. collapsed in 2009 and remains involved in a lengthy liquidation process.[3][4]
In October, 2017, he was arrested in his home in Saudi Arabia.[5]
External links
- ↑ "#112 Maan Al-Sanea". The World's Billionaires. Forbes. 2008. Retrieved 17 June 2011.
- ↑ The Kings of the Desert An American banker, a Saudi billionaire, and a financial collapse that stunned the Middle East., Nicholas Schmidle, April 13, 2015, The New Yorker
- ↑ Davis, Alex (1 February 2017). "Saad Co. Liquidators Lose $318M Claim In UK Supreme Court - Law360". Law360.com. Portfolio Media, Inc. Retrieved 2 February 2017.
Saad Investments Co. Ltd. ... was wound up in 2009.
- ↑ Whittaker, James (21 March 2015). "A Saudi saga". The Economist. Retrieved 3 February 2017.
- ↑ In Saudi Arabia, an Arrest in a Billion-Dollar Bank Bust, Nicholas Schmidle, November 7, 2017, The New Yorker
This article is issued from
Wikipedia.
The text is licensed under Creative Commons - Attribution - Sharealike.
Additional terms may apply for the media files.