HSBC drops 1.29% in Saudi saadgroup possible arrears

The Saad Group, which is likely to lend to the market, has been affected by a half-day fall of 1.29%, a 65.0 Hong Kong dollar, and a deal of HK $1.197 billion, which ran for the first time, and the index rose 1.16%. It is reported that Maan Al-sanea, chairman of Saudi Saad Group, has been frozen by the Saudi authorities, and that, in addition to Al-sanea's own shares, Saad also owes a 6 billion-dollar loan to the three banks of Citigroup and BNP Paribas, due to lack of detail,　　It is therefore difficult to reasonably estimate the potential impact of this on HSBC's net-holding profit, but Saad concerns that some family companies in the Gulf countries have been hit more than expected by the global financial crisis. The representative said that the bank did not disclose any information related to customer relations, which is a matter of principle. Citigroup and BNP Paribas declined to comment.