A court in the Cayman Islands has lifted a freeze on the global assets of Maan Al Sanea, the Saudi businessman involved in a two-year dispute with the kingdom's Al Gosaibi family and more than 100 international banks.
The Al Gosaibis applied to have the freeze lifted after a legal action in June threw up new evidence concerning the family's claims of fraud, forgery and theft of about US$10 billion (Dh36.7bn) of their assets by Mr Al Sanea, who is related to them by marriage.
The affair has left a group of international and regional banks with about $16bn of unpaid debts and has tarnished Saudi Arabia's business reputation.
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