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#Saudi Co. Liable For $668M In Back Rent Tied To #Sukuk Bond

Tue, 2017-11-14 16:35 — newsdesk

Financial services company Saad has been ordered to pay around $668 million to Citicorp Trustee Company and Golden Belt Sukuk Company. Saad's obligations are tied to sukuk bond and linked to the leasing of land in Saudi Arabia. The judgment was handed down Friday in London's High Court, where Judge Peter Macdonald Eggers ordered Saad to honour its obligations.

Source: 

https://www.law360.com/articles/984251/saudi-co-liable-for-668m-in-back-...