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Dubai judge appoints panel to consider claims in Mashreq Bank’s case against Saad Group

Dubai judge appoints panel to consider claims in Mashreq Bank’s case against Saad Group

May 7, 2010 9:00 by



A Dubai judge appointed an expert to evaluate claims in the Mashreq Bank loans to Saudi Arabia’s Saad Group, The National reported Friday . The distressed Saudi conglomerate began defaulting last year on millions in financial obligations across the Middle east, sparking lawsuits from creditor seeking to recover millions in impaired loans.



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