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Reuters - Oct. 27, 2009, 9:21 AM
Oct 27 (Reuters) - Saudi family conglomerates Saad Group [SAADG.UL] and Ahmad Hamad Algosaibi & Bros are restructuring debt, as are their Bahrain-based banking units, in some of the worst fallout from the credit crisis to hit the Gulf region. Following ...
Forbes.com - Oct. 27, 2009, 8:44 AM
Oct 27 (Reuters) - Saudi family conglomerates Saad Group and Ahmad Hamad Algosaibi & Bros are restructuring debt, as are their Bahrain-based banking units, in some of the worst fallout from the credit crisis to hit the Gulf region. Following are the ...
Forbes.com - Sep. 30, 2009, 8:07 AM
ABU DHABI, Sept 30 (Reuters) - UAE bourses formally asked listed banks to disclose their exposure to indebted Saudi groups Saad and Algosaibi on Wednesday, with one exchange threatening to suspend trading if they fail to comply. The requests for details ...
Forbes.com - Sep. 30, 2009, 5:09 AM
ABU DHABI, Sept 30 (Reuters) - The Abu Dhabi Securities Exchange (ADX) has directed banks to provide details of exposure and provisions taken to troubled Saudi groups Saad and Algosaibi as part of regulatory measures, the bourse said on Wednesday. The ...
Forbes.com - Sep. 30, 2009, 3:20 AM
ABU DHABI, Sept 30 (Reuters) - The Abu Dhabi Securities Exchange (ADX) has directed banks to provide details of exposure and provisions taken to troubled Saudi groups Saad and Algosaibi as part of regulatory measures, the bourse said on Wednesday. The ...
Reuters - Sep. 30, 2009, 1:18 AM
(Adds details, background) By Stanley Carvalho ABU DHABI, Sept 30 (Reuters) - The Abu Dhabi Securities Exchange (ADX) has directed banks to provide details of exposure and provisions taken to troubled Saudi groups Saad and Algosaibi as part of regulatory ...
Forbes.com - Sep. 30, 2009, 1:12 AM
DUBAI, Sept 30 (Reuters) - UAE lender Sharjah Islamic Bank said on Wednesday its exposure to Saudi Arabia's Algosaibi Group was 55 million dirhams ($15 million), but it had no expsoure to the Saad Group. The bank has taken provisions for 50 percent of ...
Reuters - Sep. 30, 2009, 0:06 AM
DUBAI, Sept 30 (Reuters) - UAE lender Sharjah Islamic Bank SIB.AD said on Wednesday its exposure to Saudi Arabia's Algosaibi Group was 55 million dirhams ($15 million), but it had no expsoure to the Saad Group. The bank has taken provisions for 50 ...
