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Sheikh Mohamed Bin Issa Al Jaber drops all lawsuits against Bank Austria

Sheikh Mohamed Bin Issa Al Jaber and Robert Zadrazil, CEO of Bank Austria UniCredit

Sheikh Mohamed Bin Issa Al Jaber: "In times like these, our focus must be on solidarity and support for the Austrian economy"

Sheikh Mohamed bin Issa al Jaber and Robert Zadrazil, CEO of Bank Austria UniCredit, following constructive discussions at the beginning of the month have reached an amicable end to a legal dispute that had existed since 2012. All relevant proceedings have been discontinued.

In his decision to end the lawsuit, Sheikh Mohamed Bin Issa Al Jaber said: "Robert Zadrazil impressed me as a strategic and visionary personality. So I have decided to start a new phase of our cooperation: from now on we want to put our differences aside and work together to strengthen the Austrian economy in these difficult and unpredictable times."

The Saudi-Austrian investor added: "Robert Zadrazil and I share the view that it is important to ensure cohesion and constructive cooperation wherever possible. Our efforts should and will now focus on creating new opportunities and on development and collaboration for jobs and growth."