Ending legal claims against the company in Jordan

The Middle East Company for Specialized Cables “Musk” revealed the end of legal claims against the company in Jordan, after the implementation of all the items contained in the reconciliation agreement with the claimant parties.
The company said in a statement on the circulation of Saudi Arabia: It obtained an official letter from the competent authorities, which includes discharges of the company and members of its board of directors, final and comprehensive.
She explained that on what is related to the transfer of the ownership of “Hunting Jordan” for the benefit of banks, it was agreed that it be waived after the completion of the required regular procedures with the competent authorities in the Hashemite Kingdom of Jordan, and it should be noted that these shares do not bear any book value in the company’s records.