Thu, Apr 24, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Gulf family companies begin to suffer the economic downturn

Posted on 08 June 2009

From Menareport.com: The current global economic meltdown is taking a heavy toll on Saudi billionaire Maan Al-Senea. The Saudi Arabian Central Bank froze the accounts of Al-Senea, owner of the Saad Group, and his family members recently without warning.
According to the bank, the reason for freezing their accounts is confidential. Al-Senea announced that the Saad group was searching for ways to restructure the outstanding debts of its real estate, banking, and health care companies…….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930