Al-Khodari submits financial reorganization proposal to Dammam Commercial Court

27/06/2021 Argaam

Logo of Abdullah A. M. Al-Khodari Sons Co.

Abdullah A. M. Al-Khodari Sons Co. (Al-Khodari) said the proposed financial reorganization plan was submitted to the Commercial Court in Dammam today, June 27, by bankruptcy trustee Bader Al-Tamimi, according to a bourse filing.

 

In April, the court approved the company’s request of extending the deadline for submitting the proposal for financial reorganization.

 

In May 2020, Al-Khodari announced receiving an email from the financial restructuring secretary, stating that Dammam Commercial Court had approved the final list of creditors’ claims.

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