Dur Hospitality files lawsuit before Banking Disputes Committee against financial institution

13/03/2022 Argaam
Logo of Dur Hospitality Co.

Logo of Dur Hospitality Co.

Dur Hospitality Co. announced that its lawyer filed a lawsuit with the Banking Disputes Committee against a financial institution operating in the Kingdom on March 10, according to a filing to Tadawul.

 

Based on the principle of transparency and to keep shareholders' rights, the company will announce any relevant developments in due course.

 

In January 2021, Dur filed a lawsuit with the Committee for Resolution of Securities Disputes, against a financial institution operating in the Kingdom to invalidate securities contracts with the defendant.

 

On Feb. 14, the company announced the issuance of a final judicial decision regarding the lawsuit, supporting the decision issued by the Committee for the Resolution of Securities Disputes, which lacks jurisdiction to consider the case.

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