Monday, April 16, 2007

Saudi Billionaire Maan Al-Sanea Shows 3.11% Stake in HSBC (HBC)

Not an activist situation, but interesting:

Saudi billionaire Maan Abdulwahed Al-Sanea, through this Singularis Holdings Ltd subsidiary, disclosed a 3.11% stake in HSBC Holdings (NYSE: HBC). Al-Sanea showed indirect holdings of 360,055,575 shares.

Forbes lists Maan Al-Sanea as No. 97 on the list of the world's billionaires with an estimated net worth of $7.5 billion, making his money mainly from construction.

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