Qatar National
Cement Discloses Lawsuit Against Company Calling for Payment of
QR68.9 Million
December 10, 2017
Qatar National Cement announced that
it was served a notice by the court regarding a lawsuit filed by
the Ministry of Municipality and Environment against the
company. The claim calls for the payment of QR68,974,667
(sixty-eight million nine hundred and seventy-four thousand six
hundred and sixty-seven) Qatari Riyals on account of extracting
raw material used in the manufacturing of cement from 2008 to
2011.
The Company rejects the said claim,
stressing that the raw material in question was extracted within
the concession limits granted to the company under Decree-Law
No. (4) of the year 1973, extended by Decree No. (8) of the year
1993.
Accordingly, the company addressed
the highest authorities of the state to repel this claim and
have it dropped by the competent court.
|