Saad Group
| Saad Group | |
|---|---|
| legal form | Corporation |
| founding | 1958 |
| Seat | Al-Chubar , Saudi Arabia |
| management | Maan al-Sanea |
| sales | 4,352,000,000 USD (2006) |
| Branch | Real estate, construction, finance, banking, energy |
| Website | www.saadgroup.com |
Saad Group ( Arabic مجموعة سعد, DMG Maǧmūʿat Saʿd ) is a Saudi Arabian company with headquarters in Al-Chubar .
The company operates as a conglomerate in various industries. In the early years, the company started in the construction sector in Saudi Arabia. The company was founded in 1958 by Abdullah Abdulaziz Al-Tuwaijiri . The group later expanded its activities to include real estate, finance, banking, energy and tourism. Saad Group is headed by the Saudi Arabian entrepreneur Maan al-Sanea . With a turnover of 4.352 billion US dollars in 2006, Saad Group was considered one of the largest companies in the Middle East . Saad Group Ltd. based in the Cayman Islands had total assets of 30.6 billion US dollars at the end of 2008 , according to Moody’s .
In 2010 there were legal disputes with the rival Saudi Arabian company Ahab .
Individual evidence
- ↑ a b DS100 - Top 100 Companies of the Muslim World ( Memento of the original from July 25, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ UPDATE 4-Saudi Saad group says to restructure debt By Souhail Karam, Reuters , June 1, 2009
- ^ Andrew England: Court overturns ruling on Saudi groups . In: Financial Times , December 3, 2010. Retrieved January 3, 2016.
