Logo ofSaudi Darb Investment Co.
Saudi Darb Investment Co. (formerly Al Baha Investment and Development Co.) announced that the lawsuit it filed against former board members for the term from Feb. 10, 2010 to Feb. 9, 2013 has been accepted and the case has been registered with the General Secretariat of the Securities Disputes Resolution Committees, and the requirements are being completed. 
In a statement to Tadawul, the company added that the requirements are being completed, noting that it following up on developments in this regard.
It indicated that the related costs cannot be determined at this stage, adding that any developments regarding this issue will be announced in due course.
According to Argaam’s data, the company filed on May 8 a complaint with the Capital Market Authority (CMA) against former board members, who served from Feb. 10, 2010, to Feb. 9, 2013. It said the former board members had signed a contract to sell company assets under which the company acquired a crusher, a cement concrete project, and a hollow core project from Al-Sateaa Modern Contracting Co. for SAR 86 million.
Logo ofSaudi Darb Investment Co.
Saudi Darb Investment Co. (formerly Al Baha Investment and Development Co.) announced that the lawsuit it filed against former board members for the term from Feb. 10, 2010 to Feb. 9, 2013 has been accepted and the case has been registered with the General Secretariat of the Securities Disputes Resolution Committees, and the requirements are being completed.
In a statement to Tadawul, the company added that the requirements are being completed, noting that it following up on developments in this regard.
It indicated that the related costs cannot be determined at this stage, adding that any developments regarding this issue will be announced in due course.
According to Argaam’s data, the company filed on May 8 a complaint with the Capital Market Authority (CMA) against former board members, who served from Feb. 10, 2010, to Feb. 9, 2013. It said the former board members had signed a contract to sell company assets under which the company acquired a crusher, a cement concrete project, and a hollow core project from Al-Sateaa Modern Contracting Co. for SAR 86 million.
