Saudis take stake in beleaguered Burford Capital - Part 2

Wednesday, 15 January 2020, 1:10 pm

Fresh details have emerged about the Saudi Arabian group that has built up a shareholding in Burford Capital, the embattled litigation funder.

Mithaq - which recently disclosed a 5.1pc stake in Burford Capital - is a backed by the Al-Rahji family, according to Betaville's people in the Gulf.

Gulf sources suggested the Al-Rahji family are billionaires. In fact, Wikipedia (not always correct) appears to suggest that the Al-Rahji family are the third wealthiest family in Saudi Arabia. So, they have a few bob, then!..

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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