Ahmad Hamad Algosaibi and Brothers

No deal from KSA groups.
7 Days (Dubai, United Arab Emirates); 11/16/2009; 320 words; ...received "no settle-ment offer" from Saad Group or Ahmad Hamad Algosaibi and Brothers, the Saudi family groups that defaulted on payments...Sep-tember it was owed about $400 million by Algosaibi. 2009 Al Sidra Media LLC Provided by Syndigate...

Saudi Arabia seeks strict bank rules from G20.
Saudi Economic Survey; 11/10/2009; 858 words; ...grappling with a multi-billion dollar debt restructuring at two large Saudi family businesses, Saad Group and Ahmad Hamad Algosaibi and Brothers, seen as the biggest blow to hit the Middle East since the start of the crisis. Al-Jasser said, however...

UAE banks face $11bn liquidity deficit.
Kippreport; 10/13/2009; 451 words; ...facing an increase in bad debt. Around 13 banks in the UAE have exposure to the Saudi groups Saad and Ahmad Hamad Algosaibi & Brothers, which are facing billions of dollars in debt, says Reuters. 2009 Dubai Business | Kippreport. All...

Saad unit licence at risk.
Gulf Daily News (Manama, Bahrain); 9/30/2009; 553 words; ...that other entities of Saad Group were its only clients. Saad and another privately owned Saudi group, Ahmad Hamad Algosaibi and Brothers, are embroiled in a legal battle in the US after defaulting on debts, with some bankers warning the total...

ADCB has $609 Million Exposure to Saudi Groups.
Khaleej Times (Dubai, United Arab Emirates); 9/25/2009; 565 words; ...ArabiaAEs troubled Saad and Algosaibi conglomerates, the biggest...million ($204.5 million) to Ahmad Hamad Algosaibi & Brothers Co., according to the prospectus...exposures to the Saad Group and the Algosaibi Group based on changes in its...