The Grand Court of the Cayman Islands has ordered a world-wide freeze of $9.2 billion in assets belonging to Saudi billionaire Maan al Sanea, according to court documents.

The decision is in response to a complaint filed with the Cayman court by Ahmad Hamad al Gosaibi & Brothers Co., or Ahab, as part of a dispute between Mr. Sanea's Saad Group and the Gosaibi family.

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Court freezes Saudi billionaire's assets

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