Saudi

Saudi Arabia: Fahd Bin Sultan’s High Court defeat over yacht debt


Issue 1168 - 04 May 2023 | 1 minute read

The High Court in London has issued a summary judgement against Prince Fahd Bin Sultan Bin Abdelaziz in his dispute with Credit Suisse over a loan for his yacht Sarafsa. Mr Justice Bright ruled in favour of the Swiss bank on 31 March and set out his reasoning in a full statement on 5 April, saying the prince had no real prospect of succeeding in defending his position if the case went to trial.

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