A Saudi court gave Lebanese PM-designate Saad Hariri five days to implement a ruling.
In a ruling published by al-Jazeera newspaper on Thursday, the Supreme Court in Riyadh gave Hariri five days to implement a ruling without clarifying the nature of this ruling.
The court warned that if Hariri doesn’t implement the ruling in five days it will take the appropriate legal measures.
The warning comes just a week after Saudi Oger’s attempt to restructure around 13 billion riyals ($3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order demanding the money it is owed by the construction group owned by Hariri.
National Commercial Bank (NCB), Saudi Arabia’s largest bank, has obtained a court order against Saudi Oger, Reuters news agency reported, following a similar move against Saudi Oger by Samba Financial Group in July.
Source: Agencies
