A parking lot belonging to billionaire Maan al-Sanea is seen in Khobar in Saudi Arabia's Eastern Province February 26, 2018. REUTERS/Zuhair Al-Traifi
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The Sanea case is separate from the main anti-graft campaign. The businessman – in 2007 he was ranked by Forbes as one of the world's 100 richest people – was detained by authorities late last year for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on debts.Creditors have spent the past nine years pursuing Saad, which is based in the city of Khobar in Saudi Arabia's Eastern Province, for debt that some estimate to be between 40 billion riyals ($10.67 billion) and 60 billion riyals.Etqaan Alliance, the consortium appointed by Saudi authorities to liquidate assets owned by Sanea and the company in an effort to repay creditors, plans to begin selling the company's assets in Saudi Arabia, according to several sources familiar with the matter.According to the sources who have seen the official list provided to authorities, Saad owns an estimated 3.5 billion riyals of real estate, while Sanea personally owns an estimated 6.8 billion riyals.
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