ShortPedia
Shortpedia Mobile App Download Shortpedia News App

Image Credit: Forbes

Assets of billionaire, once ranked World's 100 richest people, to be auctioned

Real estate owned by Saad Group, which defaulted in 2009, will be auctioned to repay their 34 creditors including local, regional and international banks. Saad Group's billionaire owner Maan al-Sanea, who was ranked one of the World's 100 richest people in 2007, was arrested in 2017 for unpaid debts of $22 billion in these banks. The auctions will be carried out over five months by Etqaan Alliance.