Ahmad Hamad Algosaibi and Brothers

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...

Bahrain rules out bailout of foreign banks.
Gulf Daily News (Manama, Bahrain); 9/23/2009; 451 words; ...control of The International Banking Corporation (TIBC) and Awal Bank in July, owned by Saudi groups Algosaibi Ahmad Hamad & Brothers (AHAB) and Saad Group respectively, after both failed to meet some of their debt obligations. The...

Shareholder sells Samba stake.
TradeArabia (Manama, Bahrain); 9/16/2009; 517 words; ...Riyadh A shareholder in troubled Ahmad Hamad Algosaibi and Brothers Company (Ahab) has sold a...said on Sunday that Saud Algosaibi, who is at once Ahab's managing...cent stake belonged to Saud Algosaibi and that Ahab still owns 4...