Court adjourns lawsuit against SARCO to March 14

31/01/2018 Argaam

A Saudi court has adjourned the lawsuit filed by Mohammed Qusai Asaad, a shareholder at Arabian Sulfonates Co. (ASCO), against Saudi Arabia Refineries Co. (SARCO) to March 14, 2018.

 

The auditor has presented a final report to the court, SARCO said in a statement to Tadawul on Wednesday.

 

Asaad is suing SARCO to dissolve ASCO, after the company’s accumulated losses exceeded half its capital.

 

Further developments will be announced as they occur, the statement said.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.