Saudi Arabia:Court orders ex-CEO of MedGulf to pay insurer US$41m

By MEIR team | 26 Aug 2019

The Commercial Court in Riyadh has ordered a former managing director and CEO of Mediterranean and Gulf Insurance and Reinsurance (MedGulf) to pay SAR152.7m ($41.1m) to the company in a law suit brought against him by the insurer.

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