Rawaasi Reports Lawsuit Updates on Ex-CEO
Rawaasi Al-Binaa Investment Company announced the completion of legal procedures against the former Managing Director and CEO, Mohsen Muteb Al-Otaibi, and Abdullah Muteb Al-Otaibi. A lawsuit was filed and registered against them on September 22, 2026. The company confirmed its commitment to full disclosure of any developments in the case to ensure transparency, with no immediate financial impact resulting from this change in the course of the lawsuit. These measures are part of the company's efforts to protect its rights and recover its legal interests, in accordance with the judicial regulations in Saudi Arabia.
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