Maan Al-Sanea, News, Pictures, Buzz

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Maan Al-Sanea
  Petra Diamonds sell-off "anUp at a best-ever 220p towards the end of trading on Monday, Petra's share price plunged as low as 191p early Tuesday as insiders got wind that Awal Bank was heading for the exit. The company, owned by Saudi billionaire Maan al-Sanea and a long-time shareholder, offloaded 43 million shares at 190p each, trousering a massive profit.
Posted on 30 July 2014 | 8:51 am
  Market report: Petra Diamonds loses itsA share sale by the second-biggest shareholder in the FTSE 250 company knocked the stock
Posted on 29 July 2014 | 11:32 am
  Petra Diamonds' No. 2 shareholder dumpsThe stock was down 11 percent at 193.25 pence at 1042 GMT on the London Stock Exchange. A further 13.2 million shares held by Awal Bank – owned by Maan al-Sanea, the Saudi billionaire head of the Saad Group – are subject to a 90 day lock-up, Petra said in a statement. Petra's website shows that Awal Bank held 60.8 million shares or 11.9 percent in Petra through Saad Investments Co Ltd. The miner ...
Posted on 29 July 2014 | 5:37 am
  Petra Diamonds' No. 2 shareholder dumpsPetra Diamonds Ltd (LSE: PDL.L - news) said its second-largest shareholder sold more than two thirds of its stake in the diamond miner through a placement at a discount of 12 percent to the stock's Monday close. The stock was down 11 percent at 193.25 pence at 1042 GMT on the London Stock Exchange (Other OTC: LDNXF - news) . A further 13.2 million shares held by Awal Bank - owned by Maan al ...
Posted on 29 July 2014 | 4:59 am
  Petra Diamonds' No. 2 shareholder dumps(Reuters) - Petra Diamonds Ltd said its second-largest shareholder sold more than two-thirds of its stake in the diamond miner through a placement at a discount of 12 percent to the stoc...
Posted on 29 July 2014 | 3:53 am

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Maan Al-Sanea
  AHAB Wins Two Rulings In Cayman Against MaanWASHINGTON, April 20, 2014 /PRNewswire/ -- On Monday 14 April 2014, Ahmad Hamad Algosaibi & Brothers Company ("AHAB") won two rulings in the Cayman Islands against ten companies created and controlled by Maan Al Sanea as the principal offshore component ...
Posted on 20 April 2014 | 7:12 am
  AHAB's Claims Against Maan Al SaneaWASHINGTON, March 11, 2013 /PRNewswire/ -- The Grand Court of the Cayman Islands has rejected the latest efforts by the Liquidators of Maan al Sanea's companies in the Cayman Islands to dismiss portions of Ahmad Hamad Algosaibi & Brothers' (AHAB) case.
Posted on 10 March 2013 | 10:00 am
  audi billionaire Maan Al-Sanea has $9.2bnIn what was described as a "significant victory" in his ongoing and bitter legal dispute with members of his wife's family, the head of the Saad Group will now be able to pursue what could be millions of pounds of legal costs. Mr Al-Sanea has also ...
Posted on 6 October 2011 | 4:17 am
  AHAB Response to Bahraini GovernmentMANAMA, Bahrain, March 8, 2011 /PRNewswire/ -- Ahmad Hamad Algosaibi & Brothers (AHAB) today applauded, Nawaf Hamza, the Bahraini Public Prosecutor for announcing criminal hearings into Maan Al Sanea's illegal activities involving The International Banking ...
Posted on 7 March 2011 | 9:04 pm
  Saudi Arabian Billionaire Maan Al-SaneaMaan al-Sanea, a Saudi Arabian billionaire, has lost a jurisdictional challenge to a lawsuit filed against him in the Cayman Islands by Ahmad Hamad Algosaibi & Brothers Co., alleging he misappropriated money. The Cayman Islands Court of Appeal today ...
Posted on 30 November 2010 | 8:00 am
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