The ruling was based on a lawsuit filed by former board member Sheikh Khalifa Ali Al-Sabah based on a report by the commerce ministry, which cited “violations” that took place during a general assembly meeting, the lawyer, Rashed al-Radaan, said. These violations included failing to record shareholders’ complaints and “stopping some shareholders from entering, locking the doors,” the lawyer said.
“The commercial court ruled today the annulment of the normal general assembly for Zain to elect the company’s board and all decisions based on it,” al-Radaan said in a telephone interview. “All decisions following this election are incorrect, including the Batelco/Kingdom deal.”
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