Billionaire Saudis Break the Mold on Kingdom's Secrecy
Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy Bloomberg 2 days ago (Bloomberg) -- For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles. As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy as...
Source: msn.com