The publicly listed Al Buraimi Hotel Company will be liquidated as per the orders of Buraimi court, the company stated in its disclosure to Muscat Securities Market (MSM).
The company in its disclosure referred to the lawsuit filed by the Capital Market Authority against Al Buraimi Hotel Company, which demanded the dissolution and liquidation of the company.
‘We would like to infirm the shareholders that a ruling was issued by the Court of Appeal in Buraimi Court on June 9, 2020 to dissolve and liquidate this company,’ it said.
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