Wednesday 3 June 2015

Saudi banks are missing in bid to end Al Gosaibi debt saga | The National

Saudi banks are missing in bid to end Al Gosaibi debt saga | The National:



"The ghost of Banquo put in an appearance at the Dubai International Financial Centre on Tuesday.



The dinner guests – Al Gosaibi executives and family members, 90-odd international creditors, a small army of advisers and minders – were assembled and ready to get stuck into the substantial fare on the table.



It was an offer to settle, at much improved terms, the bitter six-year dispute that has laid low one of Saudi Arabia’s most prestigious business dynasties."



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