Court debates FSIA immunity for Saudi entities and princes in 9/11 litigation

Court debates FSIA immunity for Saudi entities and princes in 9/11 litigation The passage outlines legal arguments about whether Saudi Arabia's Public Investment Fund (PIF) and National Commercial Bank (NCB) qualify as foreign state instrumentality under the FSIA, and whether Saudi princes enjoy immunity. It provides specific dates of share purchases (May 1999, late 2002/Jan 2003) and references to filings (Supplemental Affidavits, docket numbers). While it does not reveal new wrongdoing, it points to potential avenues for investigating Saudi financial involvement and official capacity claims tied to 9/11-related suits. Key insights: PIF bought 50% of NCB shares in May 1999; later sold 10% to the General Organization for Social Insurance.; PIF allegedly agreed to buy an additional 30% of NCB shares in late 2002, with completion possibly after the lawsuit filing date (Sept 4, 2002).; Prince Turki and Prince Sultan are claimed to be immune under FSIA for actions taken as heads of the Saudi DGI.