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SICL

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In July, a Cayman court froze the assets of SICL and a number of other international Saad units.
Moody's notes that recovery values based on year-end 2008 audited financial statements should be fairly high, given that both STCFSC and SICL are reported to hold substantial liquid long term investment securities and cash deposits, in addition to a large land bank in Saudi Arabia.
 
 
 
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