Maan_Al-Sanea

Maan Al-Sanea

Maan Al-Sanea

Saudi businessman of Kuwaiti origin (born 1955)

Maan Abdul Wahed Al-Sanea (born 1955, Khobar, Saudi Arabia) is a Saudi businessman of Kuwaiti origin. In 1980, he founded the Saad Group, a conglomerate with operations in construction & engineering, real estate development, financial services and investments. He has also founded a private hospital, several educational facilities and a support center for special-needs children and their families.[1] It is alleged that he funded all this by defrauding his wife's family, the Al Gosaibis.[2]

Quick Facts Born, Nationality ...

Al-Sanea’s family investment company, Saad Investments Co. Ltd. collapsed in 2009 and remains involved in a lengthy liquidation process,[3][4] including the case Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited.

In October, 2017, he was arrested in his home in Saudi Arabia.[5]

References

  1. [1]
    "#112 Maan Al-Sanea". The World's Billionaires. Forbes. 2008. Retrieved 17 June 2011.
  2. [2]
    The Kings of the Desert An American banker, a Saudi billionaire, and a financial collapse that stunned the Middle East., Nicholas Schmidle, April 13, 2015, The New Yorker
  3. [3]
    Davis, Alex (1 February 2017). "Saad Co. Liquidators Lose $318M Claim In UK Supreme Court - Law360". Law360.com. Portfolio Media, Inc. Retrieved 2 February 2017. Saad Investments Co. Ltd. ... was wound up in 2009.
  4. [4]
    Whittaker, James (21 March 2015). "A Saudi saga". The Economist. Retrieved 3 February 2017.
  5. [5]
    In Saudi Arabia, an Arrest in a Billion-Dollar Bank Bust, Nicholas Schmidle, November 7, 2017, The New Yorker
Share this article:

This article uses material from the Wikipedia article Maan_Al-Sanea, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.