Riyadh – Mubasher: Al Baha Investment and Development said that the Jeddah Administrative Court ruled on Wednesday against the company's previous chairman and board members in a case.
The court obligated the aforementioned people to pay a sum of SAR 68.7 million ($18.32 million) in addition to the attorney's fees, according to a bourse statement on Thursday.
The ruling is preliminary and appealable in a period of 30 days of the date of receiving the ruling, which was set to be on 17-06-1438 Hijri.
The company noted that the ruling has no current impact on its financial statements.
