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Kuwait
Kuwait’s ruler dies at 86 after brief reign
...Kuwait’s emir, Sheikh Nawaf al-Ahmad al-Jaber al-Sabah, has died aged 86, the state news agency reported on Saturday....
December 17, 2023
Liberia
Absence abroad by Liberia president George Weah attracts criticism
...Among the happy throng at the Ahmad bin Ali Stadium was George Weah, father of Timothy....
December 13, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Saudi Arabia
Court ends Saudi Arabia’s longest-running debt dispute
...Saudi Arabia’s longest debt dispute has ended with the issuance of a final court order to restructure the Ahmad Hamad Algosaibi & Brothers family conglomerate, or Ahab....
October 4, 2021
FT Wealth
Retail mogul Ahmad BinDawood grapples with coronavirus challenge
...Saudi supermarket boss Ahmad BinDawood got off to a bad start in his retail career....
June 16, 2020
World
Cayman court finds Saudi companies complicit in $126bn fraud
...The judgment came after a decade-long case that pitted Ahmad Hamad al-Gosaibi & Brothers (Ahab), a company founded by one of the kingdom’s most prominent merchant families, against Maan al-Sanea, who owned...
June 1, 2018
Audio articles
Trump points finger at Qatar over terror financing
...But Nasser bin Hamad al-Khalifa, Doha’s former ambassador to the US, said Qatar would unite as a “wall” against threats from outside....
June 7, 2017
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
Creditor call edges Ahab collapse case closer to resolution
...A Saudi court has called for creditors to Ahmad Hamad Algosaibi & Brothers, or Ahab, to file claims against the conglomerate in a step towards resolving the region’s worst corporate collapse....
May 22, 2016
Property sector
Saudi conglomerate Ahab pledges bulk of assets to creditors
...Ahmad Hamad Algosaibi & Brothers has pledged 87 per cent of its assets to creditors in an attempt to secure agreement from banks owed as much as SR22.5bn ($6bn)....
June 3, 2015
Middle Eastern finance
Saudi conglomerate improves deal for creditors
...Ahmad Hamad Algosaibi & Brothers has agreed the enhanced proposal with leading creditors, including Standard Chartered and BNP Paribas....
May 18, 2015
Global Economy
Doubts raised over Qatar interest in VTB bond issue
...Khaldoon al-Mubarak, the head of the Abu Dhabi sovereign fund Mubadala, as well as Qatar Holding’s chief executive, Ahmad al-Sayed, are on the RDIF’s advisory board....
July 30, 2014
Financials
Algosaibis call meeting of creditors
...Ahmad Hamad Algosaibi & Brothers, or Ahab, is inviting lenders to a meeting on May 7 in Dubai to outline proposals “aimed at achieving a comprehensive settlement”, according to a letter seen by the Financial...
March 30, 2014
Arab banking & finance
Liquidators sue Daiwa Capital Markets Europe over Sanea funds
...In 2009, the estimated $20bn corporate default of Ahab (Ahmad Hamad Algosaibi & Brothers) and the Saad Group conglomerate owned by Mr al-Sanea – a relative by marriage of the Algosaibis, one of the most...
September 14, 2014
World
Gulf states forge deal to end spat over Doha backing for Brotherhood
...In a statement following Thursday’s meeting, the GCC thanked Sheikh Sabah al-Ahmad al-Jaber al-Sabah, the emir of Kuwait, for his role in achieving “the current positive results”....
April 18, 2014
Financials
Saudi Arabia’s Algosaibi family asks creditors to agree debt deal
...About 60 out of 85 lenders, including Standard Chartered and Dubai-based Mashreq, accepted an invitation to attend a meeting in Dubai on Wednesday to hear Ahmad Hamad Algosaibi & Brothers’ restructuring...
May 7, 2014
Middle Eastern finance
New Qatar emir shakes up sovereign wealth fund
...Sheikh Tamim bin Hamad al-Thani, the new emir who took over after his father’s abdication last week, handed the top job at Qatar Investment Authority to Ahmad Al Sayed, the 37-year-old lawyer who has been...
July 2, 2013
FT Live
Global Wealth Management Summit
Recalibrating business for multi-generational private clients
Wednesday, 6 November222 Marylebone Road, London NW1 6JQ, United Kingdom
beyondbricsPaul J Davies
Betting big on the “New Silk Road”
...Ahmad Al-Hamad is looking to change that....
September 17, 2013
UK banks
Qatar fund quietly builds $1bn Bank of America stake
...After the move, Ahmad al-Sayed was promoted to head the QIA while the former prime minister Sheikh Hamad bin Jassim al-Thani – a leading dealmaker known to many bankers – stepped aside....
October 30, 2013
World
Qatari abdication puts pressure on ageing Gulf monarchs
...In Bahrain, King Hamad bin Isa al-Khalifa, 63, appointed his eldest son, Sheikh Salman, as crown prince in 1999....
June 25, 2013
Syrian crisis
Syria’s main opposition group picks Saudi-backed leader
...The Syrian National Coalition, the main umbrella opposition group, chose Ahmad Jarba as president after a close contest with Mustafa Sabbagh at the weekend, days after Saudi Arabia also celebrated the toppling...
July 7, 2013
Middle Eastern finance
Qatar seeks to shake off trophy investor image
...The emir Sheikh Tamim bin Hamad Al-Thani on Tuesday promoted Ahmad al-Sayed, a 37-year-old former lawyer who has been managing Qatar Holding, to the more overarching role of chief executive at its parent...
July 3, 2013
LombardFund management
Lombard: Regime change coming at Qatar Investment Authority
...If he ceases to lead the QIA too, other important jobs could be reassigned, such as the managing directorship of direct investment arm Qatar Holding, currently held by Ahmad al-Sayed....
June 25, 2013
News in-depthThe Big Read
Qatar: what’s next for the world’s most aggressive deal hunter?
...“Now Ahmad has to go only to Tamim. In a way it will make things smoother.”...
July 4, 2013
Middle Eastern finance
Middle East: Here, there and everywhere
...“What we’re primarily interested in is our return on investment,” Ahmad al-Sayed, Qatar Holding’s CEO, has said....
March 18, 2013
Arab banking & finance
Arab finance and banking: Saudi small business remains reliant on friends and family for funds
...Analysts say the defaults of 2009-2010 by the Saad Group and Ahmad Hamad Algosaibi & Brothers, two large family-owned conglomerates, have made banks even more risk averse....
May 27, 2013
Middle Eastern companies
Qatar sovereign wealth funds’ key players
...Sheikh Hamad bin Jassim bin Jabr al-Thani is a man of many titles. HBJ, as he is widely known, is prime minister of Qatar and among the most powerful men in the small gulf state....
August 24, 2012

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