| From Ameinfo.com: After months of negotiations with the two troubled Saudi groups, a number of Kuwaiti banks have decided to sue Saad and Algosaibi groups for some $1.5bn in debt, Arabic daily Alqabas has reported.
The country's Gulf Bank, Commercial Bank, Burgan Bank and Kuwait Finance House are expected to file lawsuits in Kuwait, Saudi Arabia and in Britain. Another Kuwaiti lender, Al-Ahli Bank has already filed a lawsuit against the two Saudi groups in New York, the daily said.......................................Full Article: Source
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