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Cayman court authorises Saad distributions pending AHAB appeal

By Douglas Thomson

22 October 2019

Cayman court authorises Saad distributions pending AHAB appeal Georgetown, Cayman Islands / istock.com/mphillips007

After over a decade of waiting, creditors of a Saad Group holding company are to receive distributions in the wake of Saudi conglomerate Ahmad Hamad Algosaibi & Brothers’ failed US$4 billion Cayman fraud litigation – even as AHAB’s appeal in the case remains underway.