Africa

Major Shareholder in Petra Diamonds in Assets Freeze

The Cayman Islands-registered Saad Investments Company Limited (SICL), which held 44% of Petra Diamonds as of September 30 2008 according to their website and is one of the main Saad Group companies, has been named as a defendant as part of a US$9.2 billion assets freeze by a Cayman Islands court, reports Reuters. Reuters explains [...]

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