• Oman

    • National Finance Issues Disclosure regarding the ex-CEO

    By on December 9, 2023

    Muscat: National Finance Issues Disclosure regarding the ex-CEO

    In a disclosure to Muscat Stock Exchange the company said: “Further to our disclosure of June 19, 2023 advising that the Appeal Court (with different panel of judges) has issued its judgement obliging National Finance to pay RO 286,017.835 to Mr. Shahin Mohammed Al Balushi, the ex-CEO.

    The Supreme Court judgement in the petition filed by the Company against the Appeal Court judgment issued by the first panel in May 2021 obliging the company to pay 840 thousand Omani Riyals revoked the said appeal court judgment.

    The Supreme Court issued its decision on 4 December 2023 the petitions filed by the parties and the judgement issued by the Appeal Court (different panel of judges) is final and binding.”

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.