Rasmala trade finance fund hit with investor lawsuit
- Date: 07-Jun-2023
- Source: Global Trade Review
- Sector:Financial Services
- Country:Saudi Arabia
Rasmala trade finance fund hit with investor lawsuit
A Saudi investment firm is demanding Dubai asset manager Rasmala pay it US$7.6mn over “untrue” representations it alleges were made about the financial health of a trade finance fund. Jeddah-based Alawwal Capital invested just over US$10mn in the Rasmala Trade Finance Fund in 2019. Rasmala Investment Bank, the fund manager, suspended it in March 2020, ...
The post Rasmala trade finance fund hit with investor lawsuit appeared first on Global Trade Review (GTR).
A Saudi investment firm is demanding Dubai asset manager Rasmala pay it US$7.6mn over “untrue” representations it alleges were made about the financial health of a trade finance fund. Jeddah-based Alawwal Capital invested just over US$10mn in the Rasmala Trade Finance Fund in 2019. Rasmala Investment Bank, the fund manager, suspended it in March 2020, ...
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