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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.