Thousands flock to auction of vehicles owned by Saudi tycoon

DAMMAM, Saudi Arabia (Reuters) - Thousands of people attended the first day of an auction of vehicles owned by indebted Saudi Arabian tycoon Maan al-Sanea and his company, a sale which officials say will go towards repaying about 18 billion riyals ($4.8 billion) owed to creditors.

from Reuters: Business News http://ift.tt/2GHkxo6