‎Al-Baha gets CMA nod to file complaint against former board members

Al-Baha Investment and Development Co. received today, May 19, approval from the Capital Market Authority (CMA) to file a complaint with the Committees for the Resolution of Securities Disputes (CRSD).

The complaint involves legal action against the company’s former board of directors who served during the term from Feb. 10, 2010, to Feb. 9, 2013, seeking joint and individual compensation totaling SAR 100 million.

Al-Baha Investment and Development Co. received today, May 19, approval from the Capital Market Authority (CMA) to file a complaint with the Committees for the Resolution of Securities Disputes (CRSD).

The complaint involves legal action against the company’s former board of directors who served during the term from Feb. 10, 2010, to Feb. 9, 2013, seeking joint and individual compensation totaling SAR 100 million.