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Islamic Finance Briefing - Categorized | Finance, Market Moves more

In $22 billion Saudi family feud, who knew what?

Posted on 13 June 2011

Glenn Stewart, an American banker who was hired by al-Sanea in 1989, says diversification led to rapid growth of the Algosaibi business, and a need for new funds. At Algosaibi Investment Holdings in Bahrain, Stewart said he was given the task of raising $100 million in credit facilities from Islamic banks for the Algosaibi partnership as the family added canning factories to its bottling plant, and bought land.

This was a far cry from Stewart’s days at Oxford University, where he directed actor Rowan Atkinson, who would win fame as Blackadder and Mister Bean………………………………………Full Article: Source

 
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