·ADX·General Disclosure | Announcements·May 1, 2026·View on exchange
AI Summary
Abu Dhabi National Co. for Building Materials (BILDCO) has initiated criminal and civil legal proceedings against its former Chairman for alleged errors and violations.
The company is also defending a commercial lawsuit (No. 425/2026) for obligation and compensation filed against it by the former Chairman, Omran Sultan Matar Al Hallami.
The first hearing for the commercial case is scheduled for May 4, 2026, at the Abu Dhabi Commercial Court; the matter is currently in the preparation stage.
These legal actions follow a General Assembly resolution on March 13, 2026, which voted not to discharge the former Chairman from liability.
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