The General Assembly of Ishraq Investment Company has approved the filing of a civil lawsuit against former members of the board of directors who were responsible for approving the deal under which the company acquired shares in Goldilux Investment Company Limited. This decision was made after a thorough review of the circumstances of the transaction and its impact on the company. The plaintiffs claim that the actions of the former management caused financial harm to the interests of shareholders. The hearing is scheduled for next month.
Company Sues Former Board Members
Ishraq Investment's board approved a lawsuit against former directors over a share acquisition deal deemed detrimental to shareholders.