You are here: Home » Reuters » News
Business Standard

Exclusive: Saudi businessman al-Sanea seeks last-ditch debt deal - sources

Reuters  |  DUBAI 

By Davide Barbuscia and Tom ArnoldDUBAI (Reuters) - Saudi Arabia's collapsed Saad Group, led by businessman Maan al-Sanea, has called a meeting with creditors in a last-ditch attempt to end a dispute over 16 billion riyals ($4.3 billion) of claims, sources close to the matter said.Advisers to the group have asked creditors to meet in Dubai over the next few days, seeking a deal before Saudi authorities start auctioning, from March 18, billions of dollars of assets, including machinery, real estate, vehicles, belonging to Maan al-Sanea and his company, the sources added. Maan al-Sanea, ranked ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 13 2018. 17:55 IST
RECOMMENDED FOR YOU