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Rawasi Albina Begins Enforcement Proceedings for Property Mortgages, Debt Recovery

MT Newswires·11/12/2026 09:44:26
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09:44 AM EST, 11/12/2026 (MT Newswires) -- Rawasi Albina Investment (SASE:9547) began legal proceedings to enforce guarantees over previously re-registered real estate mortgages and recover an overdue debt. The debt, which fell due on Tuesday, is secured by properties involved in a lawsuit against former Chief Executive Officer Abdullah Mohsen Al-Otaibi and Managing Director Mohsen Metab Al-Otaibi, according to a Thursday filing. The Saudi infrastructure and construction company said the enforcement action aims to protect its assets and the rights of its shareholders.