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.

Want to read more?

Small article


(Access to one GSN article)

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Join our community

Sign up for an account to gain:

View a selection of Free articles

Explore subscription options

Follow us on Google News