Jeddah’s administrative court said it would issue its verdict on AlBaha Investment and Development Co.’s claim against its former chairman and board members on March 29, 2018, the company said in a statement to Tadawul.
AlBaha had accused its former board chairman and members of a fraudulent purchase of overpriced assets from a local contracting firm, seeking compensation of SAR 100 mln – the difference between fair value and market price.
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