Browse
related articles
Al Gosaibi owes $9.2bn in over 100 banks
- Saudi Arabia: Saturday, June 27 - 2009 at 09:40
Saudi family holding company Ahmad Hamad Al Gosaibi & Brothers Co, owes $9.2bn to more than 100 banks, Bloomberg has cited two sources. The company whose Bahraini bank has defaulted held a meeting with creditors in Bahrain on June 24 to ask for a grace period of 90 days to investigate the debt. The report further mentioned international banks hold 30% of the debt of Al Gosaibi's four financial divisions, TIBC, Saudi-based Money Exchange, Bermuda-based Al Gosaibi Trading Services, and Bahrain-based Al Gosaibi Investment Holding.
Related Content
Article Options
Medilyn Manibo, Assistant News EditorSaturday, June 27 - 2009 at 09:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
