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To the Saudi Door gets 100m riyal payout
Darb Saudi Investment Company has announced the issuance of a final judicial ruling confirming a decision by the Appeals Committee for Securities Disputes, ordering a compensation of 100 million Saudi Riyals for the company. This comes in response to violations and infractions committed by members of its former board of directors during the period from February 2010 to February 2013. The ruling also requires the defendants to pay the amount jointly or severally, with government authorities directed to implement the judgment in order to serve the company's best interests. This step aims to recover shareholder rights and protect its assets. It represents a legal success in pursuing the misconduct that occurred during that period, reinforcing the company's commitment to governance standards and the protection of investors' rights.
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