Saudi financier Al Sanea reaches out to international creditors in debt saga | The National:
"Maan Al Sanea, the Saudi Arabian financier, has decided to open talks with international creditors over US$3 billion of debt in dispute since the collapse of the Al Gosaibi business empire in 2009.
Mr Al Sanea, who is related to the Al Gosaibi family by marriage but estranged since the crash, published a notice in a Saudi newspaper on September 17, calling on creditors to register claims against his Saad Trading business.
“The company invites financial institutions that have claims against the company to send the details of such claims [via email]. Following the receipt of such information, the creditors will be notified of a meeting appointment as soon as possible to discuss these claims,” the advertisement said."
'via Blog this'
No comments:
Post a Comment