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

By Richard Crump ( November 13, 2017, 6:44 PM GMT) -- A Saudi Arabian financial services company has been ordered to pay around $668 million to Citicorp Trustee Company Ltd. and Golden Belt Sukuk Company BSC over obligations owed under Islamic financing transactions, known as sukuk, linked to the leasing of land in Saudi Arabia....

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