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TMCNet:  Al-Baha sues former Chairman, board members [Mubasher (Saudi Arabia)]

[June 22, 2014]

Al-Baha sues former Chairman, board members [Mubasher (Saudi Arabia)]

(Mubasher (Saudi Arabia) Via Acquire Media NewsEdge) Al Baha Investment and Development said it filed a lawsuit before Jeddah Administrative Court against former Chairman and board members for the damages they caused to the company.


The company requests them to pay a total of SAR 100 million, representing the difference between the market value of the assets purchased from Al Sateaa Modern General Contracting Co. and the SAR 70 million paid by the company for executing the sale contract.; All Rights Reserved - Mubasher Info (c) 2014 Provided by SyndiGate Media Inc. (Syndigate.info).

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