Company Overview of A. H. Algosaibi & Bros. Co.
Ahmad Hamad Algosaibi & Bros. engages in financial, manufacturing, contracting and real estate, trading and commercial agency, shipping, travel, media and exhibition, and agriculture businesses. Its activities include water freight forwarding; distribution of ship equipment; manufacture of cans, paper, steel pipes, tires, and electrical machinery; soft drinks bottling and chips production; tugboats; advertising, public relations, fairs, and exhibition organization; insurance, banking, and investment services; hotel operations; travel agencies; and civil contracting and engineering consulting services. Ahmad Hamad Algosaibi & Bros. was formerly known as Hamad Algosaibi & Sons. The company was...
Ahmad Hamad Algosaibi Building
Hamad Algosaibi Street
Founded in 1991
Key Executives for A. H. Algosaibi & Bros. Co.
Acting Chief Executive Officer and Chief Restructuring Officer
Chairman and Managing Director
Deputy Chief Financial Officer
Compensation as of Fiscal Year 2015.
A. H. Algosaibi & Bros. Co. Key Developments
AHAB Agrees to Settlement with Glenn Stewart in California
Oct 1 13
Ahmad Hamad Algosaibi & Brothers Company announced that it has settled litigation with Glenn Stewart, a resident of Newport Beach, California, whom AHAB had sued in 2011 in parallel with its claims against Maan Al Sanea and his group of companies known as the Saad Group. Pursuant to the settlement (in which neither party will pay any money), Stewart will meet with AHAB to provide information concerning the events and transactions that have left the Saudi partnership with approximately $9 billion in ostensible debt. According to Eric Lewis, AHAB's global legal coordinator, the settlement made sense for AHAB, led by new executive management, as it attempts to reorganize its debts and re-focus its litigation efforts.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries