A member of Kuwait's ruling family, Shaikh Mesha'al Jarah Al Sabah, is suing Swiss bank UBS in Dubai, alleging unpaid fees.
UBS AG invited Shaikh Mesha'al to apply for a non-executive position with the bank soon after it became the lead adviser to Kuwait's Mobile Telecommunications Company (Zain) on the $10.7 billion (Dh39.30 billion) sale of its African assets, the Swiss investment bank said.
Shaikh Mesha'al, who is suing UBS for $21.4 million alleging he was not paid for helping the bank win the February 2010 deal to advise Zain, met executives of the Swiss bank in connection with his job application that spring, the UBS court filing said.
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