Saudi Darb Takes 6 Ex-Board Members to Enforcement

Saudi Darb Investment Co., formerly Al-Baha Investment & Development Co., said it received notice on July 20 from its legal counsel, Ahmed Othman Al Ho, that six enforcement requests have been filed against former board members.

The requests, submitted to the competent enforcement authority, target individuals who served on the board before the company's restructuring and name change. The filings seek to enforce claims related to the former board's tenure, the company said in a regulatory filing.

Saudi Darb did not disclose the specific amounts or legal grounds for each request. The company said it will provide updates as the enforcement process proceeds.

Shares of Saudi Darb trade on the Saudi Exchange under ticker 4130. The stock closed at SAR 19.28 on Sunday, up 1.5% on the session.