Saudi's Nama Chemicals files lawsuit against former CEO

Nama accused Al Enazi of administrative and financial violations and demanded him to pay fines

  
Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam October 26,2008.

Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam October 26,2008.

REUTERS/Stringer
Riyadh – Nama Chemicals Company announced filing a lawsuit before Dammam Commercial Court against the company’s former CEO, Abdullah Bin Ouda Al Enazi, who was terminated on 25 August 2019.

Nama accused Al Enazi of administrative and financial violations and demanded him to pay SAR 3 million, according to a filing to the Saudi bourse on Tuesday.

Further details in this regard will be provided in due course, the statement said.

Source: Mubasher

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