Al Khodari hires consultant to determine liability of previous board, management

03/01/2021 Argaam


Abdullah A.M. Al Khodari Sons Co. appointed a consultant firm to carry out investigations to determine the liability of its previous board of directors and executive management.

 

The company said in a bourse statement that this comes in continuation of the procedures and actions taken by the current executive management.

 

ny updates and developments will be announced in due course.

 

In December 2020, the company announced the withdrawal of 10 government projects at various execution phases, which were awarded between December 2010 and July 2013, at an aggregate value of SAR 994.047 million.

 

However, the projects were withdrawn between June 2017 and January 2020, during the term of the previous board of directors and executive management. They were not disclosed in accordance with the disclosure policy at the time.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.