Hail Cement confirms the embezzlement of SAR 1.2m:

24/02/2014 Argaam

Hail Cement Company confirmed the company’s exposure to an embezzlement of SAR 1.2m, according to Al Watan newspaper.

The amount was embezzled by a Saudi employee after which he escaped outside the Kingdom.

The company’s management has taken necessary legal procedures. Security authorities have been informed about the accident, the head of the company said.

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