Etqaan Group to sell assets of Saad Trading, Maan Al Sanae

An execution court in Khobar has assigned Etqaan Real Estate Group to track, list, and sell the assets of businessman Maan Bin Abdul Wahid Al Sanea and Saad Trading Contracting & Financial Services Co.

Etqaan has called on all parties with direct or indirect relations with the businessman and Saad Trading to hand over documents or bonds related to them.

The firm is leading a group of legal and accounting offices in the process.

In May, the Khobar General Court initiated proceedings to seize the businessman’s assets in the Eastern Province, after he failed to abide by a court ruling to pay debts amounting to SAR 11 billion.