Al Rajhi Bank, Binladin said to be among Saudi entities sued by 9/11 insurers

Several U.S. insurers have filed a $4.2 billion lawsuit against 10 Saudi firms and banks, including Al Rajhi Bank, National Commercial Bank, aviation contractor Dallah Avco, the Mohamed Binladin Co, and the Muslim World League, for allegedly abetting the 9/11 attacks, Reuters reported.

U.S. courts have previously rejected similar charges against the bank, which "has no links to terrorism" and is "committed to operating at the highest levels of compliance" with applicable rules, Al Rajhi Bank earlier said.

Other lawsuits pending in the Manhattan court aim to hold the Kingdom liable to individuals and insurers over its purported involvement in the Sept. 11 attacks.

On Friday, Nail Al-Jubeir, director of the information office of the Royal Embassy of Saudi Arabia, refuted claims that the Kingdom had any kind of involvement in the 9/11 attacks.

"Several now declassified U.S. government investigations, whose reports are all available online, have concluded that there is no evidence to support these charges,” he said in a statement to POLITICO magazine.

“We understand that the involvement of Saudi citizens in the 9/11 attacks makes those conspiracy theories attractive to some. But it is important to remember as well that Saudi Arabia has been the victim of scores of terror attacks over the last 20 years,” he added.

U.S. Congress in September overrode a veto by former President Barack Obama, allowing lawsuits to proceed against the kingdom, which had long enjoyed immunity in America.

Edited by Reem Abdellatif at reem.a@argaam.com