Supplementary Announcement by Ruwasi Al-Bina Investment Company Regarding the Filing of a Lawsuit Against Former Managing Director and Chief Executive Officer, Mohsen Metab Al-Otaibi, and Abdullah Mohsen Al-Otaibi
| Element List | Explanation |
|---|---|
| Introduction | Further to Ruwasi Al-Bina Investment Company’s announcement regarding the filing of a lawsuit against Mr. Mohsen Metab Al-Otaibi and his son, Mr. Abdullah Mohsen Al-Otaibi, Ruwasi Al-Bina Investment Company announces the re-registration of the mortgages over the properties subject to the lawsuit in favor of the Company, as part of its efforts to safeguard the rights of the Company and its shareholders. The Company will announce any material developments in this regard in due course. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-09-22 Corresponding to 1448-04-11 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The re-registration of mortgages over the properties subject to the lawsuit in favor of the Company, in order to safeguard the rights of the Company and its shareholders. |
| Financial Impact on the change | N/A |
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