(Bloomberg) -- Maan al-Sanea, the Saudi billionaire who is the second-biggest shareholder in HSBC Holdings Plc, plans to borrow $5 billion to help finance real- estate purchases and investments.
Saad Trading Contracting & Financial Services Co., one of al-Sanea's Saad Group of companies based in al-Khobar, Saudi Arabia, will borrow $5 billion within a 20-year plan ``to diversify its investments inside and outside the kingdom,'' the company said in a statement e-mailed today.
Read more at Bloomberg Bonds News
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