A Cayman Islands court has ordered a worldwide freeze of assets belonging to Maan al Sanea and dozens of his companies in a ruling that steps up the pressure on the Saudi billionaire who is struggling with financial difficulties.
The decision by the court to freeze $9.2bn (€6.5bn, £5.5bn) was in response to a complaint filed by Ahmad Hamad Algosaibi and Brothers, another Saudi company that is embroiled in a bitter dispute with Mr Sanea, the owner of Saad Group.
Ahab, which is owned by one of Saudi Arabia's most prominent families, has accused Mr Sanea of "massive fraud" involving as much as $10bn in a separate suit filed in a New York court.
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