Saudi Arabia's Darb starts final ruling procedures
Darb Saudi Investment Company announced the issuance of judicial enforcement orders against its former board members, demanding they pay an amount of 69.1 million Saudi Riyals. This comes after a final decision was issued by the Securities Disputes Resolution Committee. Six enforcement requests have been filed before the Enforcement Court in Riyadh, targeting officials from the administration that ended in 2013, as part of legal actions to seek compensation resulting from violations during their tenure. Warnings have been issued regarding the implementation of punitive measures if the amount is not paid within the specified deadline.
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