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Rawaasi re-registers case-related mortgages
Rawaisi Construction Investment Company announced the re-registration of mortgages on properties that were the subject of a legal dispute against both Mohsin Metab Al-Otaibi and his son Abdullah, in order to safeguard the rights of the company and its shareholders. The report had indicated that a lawsuit was filed in September against responsible officials and prominent figures within the company, concerning precautionary measures on properties previously mortgaged in favor of the company, pending the completion of investigations related to the tenure of the former managing director.
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