22 Hrs
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معلومات مباشر
Source: معلومات مباشر
22 Hrsمعلومات مباشر
Source: معلومات مباشر
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Rawasi Al Bina Investment Company began judicial enforcement proceedings against mortgaged properties on November 12, 2026, after the debt secured by those properties fell due on November 10 without the outstanding amounts being paid. The proceedings aim to recover the company’s rights from former Managing Director and CEO Mohsen Metaab Al-Otaibi and Abdullah Mohsen Al-Otaibi, in coordination with the competent judicial authorities. The company said the financial impact and costs cannot currently be determined, as they depend on the outcome of the enforcement proceedings and the sale or liquidation of the properties.
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