Creditor call edges Ahab collapse case closer to resolution - FT.com:
"A Saudi court has called for creditors to Ahmad Hamad Algosaibi & Brothers, or Ahab, to file claims against the conglomerate in a step towards resolving the region’s worst corporate collapse.
Since the default in 2009 of family-owned Ahab and the Saad group — owned by Maan al-Sanea, a relative of the Algosaibis by marriage — both sides have been embroiled in court battles across the world, in which they blame each other for the collapse. Their assets have been subjected to a royal freezing order."
'via Blog this'
No comments:
Post a Comment