Saad Group

Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010.

UPDATE 1: Upbeat numbers come despite 2 ratings downgrades issued back in June.

UPDATE 2: Fall due to decline in management fee and trading ops income exceeding increase in deposits.

SAMA data shows cumulative profit of 8.25bn riyals in Q1, 7.92 bn in Q2.

Unit's affliate, LA Investments, already placed into liquidation in UK by authorities.

WRAPUP 1: Banks agree to a 15% haircut on outstanding debts as part of accord.

Papers were sought from Saad Swiss unit regarding transactions with Algosaibi.

Central bank chief rules out move to buy up debts of troubled family businesses.

Standard Chartered estimates extent of exposure, says situation is manageable.

Banks feature as Zain sale hopes boost liquidity prospects in sector.

Central bank appoints two law firms to oversee units of troubled Saudi firms Saad and Algosaibi.

As two of the region’s most prominent family firms prepare to battle it out in a New York court, Claire Ferris-Lay examines what this will mean for family-owned companies in the Gulf.

Bank confirms relatively minor exposure to troubled Saudi conglomerates Algosaibi and Saad.

Two leading Saudi conglomerates are at the centre of a credit crisis, possibly amounting to $10 billion in debt to be restructured.

Nasser Saidi says dispute crisis could force transparency in family businesses.

Exposure ranges from nothing to 20% of adjusted total equity.

Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.

Investors in troubled conglomerate look for representation at creditor meetings.

Sovereign wealth funds look to add stimulus to local markets rather than invest overseas.

Salah Al-Hejailan cites strategy disagreement in case against Saad head, Maan Al-Sanea.

UPDATE 1: Exec says bank could tap into $2bn note programme set-up last year.

Saad, Algosaibi troubles could crimp lending to Saudi, say banking sources.

Saudi family holding company reportedly owes money to more than 100 banks.

Troubled Saudi group puts forward Credit Suisse as an adviser to its bank lenders, say sources.

The Kingdom’s muddy investment rules are failing to deter foreign inflows.

Bahrain-based Islamic bank says expected numbers due to systems investment and branch openings.

Circular issued to banks not to open any new facilities to named firms until further notice.

Moody's, S&P withdraw ratings on troubled firm part owned by Saudi billionaire Maan Al Sanea.

UPDATE 1: News follows freezing of chairman Maan al-Sanea's accounts.

Unit of Maan Al-Sanea's Saad Group will use funds to refinance debt, for general purposes.

Problems with the U.S. mortgage business may have prompted Maan al-Sanea to buy a 3.1% stake.