Ruwasi re-registers mortgages in lawsuit

In October 2026, Rawaasi Construction Investment announced the re-registration of mortgages on properties involved in a legal dispute against businessman Mohsen Muteb Al-Otaibi and his son Abdullah, in order to protect the company's and its shareholders' rights. The company had filed a lawsuit last September concerning a precautionary seizure on properties owned by the defendants, which had previously been mortgaged in favor of the company, until investigations into the tenure of the former managing director are completed.

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