Riyadh – Mubasher: Aseer Trading, Tourism and Manufacturing Company (Aseer) said the court ruling issued last month in its favour against the seller of the land located in the north of Riyadh became enforceable as the objection period ended.

On 8 November, Aseer received a judgment of first instance in its favour from Riyadh General Court regarding a lawsuit it had filed against the seller of the north of Riyadh land. The court ordered the termination of the contract inked between Aseer and the land seller and obliged the seller to pay SAR 202 million to Aseer.

The impact of the ruling cannot be determined in the present time, Aseer said in a bourse filing on Sunday, noting that it will provide further details in due course.

Last year, Aseer filed a lawsuit against the said seller, demanding refund of the sum paid to him worth SAR 202 million.