Saudi Arabia ‘gigaproject’ stonewalls settlement offer from ex-CEO in $120mn lawsuit

Saudi Arabia ‘gigaproject’ stonewalls settlement offer from ex-CEO in $120mn lawsuit

British-born executive was fired in April 2024 sparking claim seen as test case for kingdom’s reforms

Saudi Arabia ‘gigaproject’ stonewalls settlement offer from ex-CEO in $120mn lawsuit - Business Fast

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia’s state-backed property giant Roshn has stonewalled its former chief executive after he made an offer to settle a lawsuit seeking more than $100mn from the group over a claim of wrongful dismissal. Roshn, one of five “gigaprojects” backed by Saudi Arabia’s Public Investment Fund, received a settlement offer o…