Saudi prince's firm says to file complaint vs France's EDF

Soroof International, a conglomerate controlled by a Saudi Arabian prince, said on Sunday that it would file a complaint before Saudi courts against France's state-run utility EDF (EDF.PA). The Saudi company cited the "faulty execution" by EDF of an agreement between the two sides to form a joint venture in Saudi Arabia that would develop electricity projects. The Saudi company is headed by Prince Bander Bin Abdullah Al-Saud. EDF was unable to comment immediately on the issue on Sunday, a working day in the Gulf but the weekend in Europe.

via Business News - Yahoo Finance http://finance.yahoo.com/news/saudi-princes-firm-says-file-162412443.html