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Source:
أخبار الخليج
Source: أخبار الخليج
7 Hrsأخبار الخليج
Source: أخبار الخليج
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Bahrain’s High Commercial Court of Appeal upheld the dissolution of a financial investment company and the appointment of a liquidator, after an expert report found that continuing its operations was no longer viable following more than 10 years of accumulated losses. The company’s losses exceeded $30 million, and it lost 90% of its capital, with the nominal value of its shares falling from $1 to $0.102. It had also failed to submit reports required by the Central Bank of Bahrain for five years. The liquidator will inventory the company’s assets, rights and liabilities, settle its debts, and resolve the financial positions of the parties.
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