Court to issue ruling on AlBaha’s lawsuit March 29

14/03/2018 Argaam

Jeddah’s administrative court said it would issue its verdict on AlBaha Investment and Development Co.’s claim against its former chairman and board members on March 29, 2018, the company said in a statement to Tadawul.

 

AlBaha had accused its former board chairman and members of a fraudulent purchase of overpriced assets from a local contracting firm, seeking compensation of SAR 100 mln – the difference between fair value and market price.

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