Emaar Properties has said it will appeal a Saudi ruling reversing an earlier judgment in its favour in a $1.2bn (Dh4.4bn) lawsuit against it.

The Dubai property developer has been embroiled in a legal dispute with Jadawel, a Saudi developer, since 2004. Jadawel sued Emaar for compensation, claiming Emaar had backed out of joint venture between the two. Last year an arbitration ruling in favour of the Dubai developer was issued, and Jadawel launched a further appeal.

The National