Riyadh — Mubasher: Rawasi Albina Investment Company issued a clarification regarding the timeline of its legal proceedings against former Managing Director and CEO Mohsen Mutaib Al Otaibi and Abdullah Mohsen Al Otaibi.
The company stated that it received formal notification from its legal advisor regarding the filing and registration of the lawsuit on 22 September 2026.
According to the regulatory filing, the company’s governance and compliance department-initiated verification procedures and disclosure requirements immediately upon receiving the advisor's report.
The company confirmed that there is no immediate financial impact resulting from this procedural update. This disclosure serves as a follow-up to the information previously released to the market on 22 September, ensuring transparency regarding the internal handling of the litigation process.
Rawasi Albina continues to follow the necessary legal steps in the ongoing case.
