Saturday 6 June 2009

Two Saudi firms face Kuwait hurdles

Kuwait's central bank has asked banks to freeze all transactions with Saudi firms Sa'ad Group and Gosaibi Group, a newspaper reported yesterday.

The central bank has requested that banks freeze all transactions and accounts related to Sa'ad Group, owned by Saudi billionaire Maan Al Sanea, and Abdul Aziz Al Gosaibi Group, owned by prominent conglomerate Al Gosaibi, Rai newspaper said citing banking sources.

Officials at the central bank were not immediately available for comment.

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