SANEASouth African National Energy Association
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The hospitality and tourism sector is so fast-paced and dynamic especially for local nationals, and as a young professional, it's an incredible achievement to be acknowledged by some of the industry's best leaders," Al Sanea said.
It is unclear whether Sanea, who remains in detention, will be released after his assets are sold.
The Honourable Anthony Smellie QC (the Chief Justice) dismissed AHAB's $4 billion claim against the Companies due to AHAB's alleged constructive knowledge of Maan Al Sanea's fraud.
Mr Al Sanea was ordered by Bahrain's High Civil Court in 2015 to pay Awal Bank more than $750 million.
Al Sanea confirmed this: "When I first joined, there were just a couple of girls, you could count them, just four or five.
Al Sanea also faces global litigation with Saudi Arabia's Algosaibi family and their Ahmad Hamad Algosaibi & Brothers Co, another group of companies spanning multiple industries.
As a result, the Algosaibis, who say they have been left some $9.2 billion worse off through unauthorized borrowing, are suing Sanea in the Cayman Islands for fraud, forgery, and masterminding a massive Ponzi scheme following the collapse of the Bahraini lenders, one of which was owned by the family and the other by Sanea.
Al Sanea has denied any wrongdoing and has vowed to vigorously defend himself against all charges.
TIBC is at the centre of the biggest financial scandal in the Gulf, with its owners, the billionaire Algosaibi family, launching multi-billion dollar lawsuits against Ma'an Al Sanea.
Earlier this week the Saudi Arabian Monetary Agency (SAMA) ordered banks in the country to freeze transactions with Maan Al Sanea, chairman of the privately held Saudi conglomerate Saad Group which owns Awal Bank as well as Mr Al Sanea's three per cent holding in HSBC group.
3) Arab women writers such as Saudi Arabia's Rajaa Al Sanea are making a valuable contribution to Arab literature;