Element List |
Explanation |
Introduction |
Jazan Energy and Development Company (JAZADCO) announces that it received the verdict from the Second Appeals Chamber of Commercial Court in Riyadh, in which the court reaffirmed the rulings of the Third Chamber of the Commercial Court in Riyadh issued on 09-01-1433 H in Case No. 350/1 / Q of 1433 H, rejecting the case against the former Board of Directors of Tabuk Fish Company. |
Previous Announcement |
regarding the developments of filing a lawsuit against the former Board of Directors of Tabuk Fish Company. |
Date of Previous Announcement on Tadawul's Website |
2021-01-11 Corresponding to 1442-05-27 |
Percentage of fulfilled achievement |
Not Applicable |
Event's Expected Completion Date |
completed |
Reasons for Exceeding the Announced End Date |
Following up with the court procedure |
The costs associated with the event, and if they have changed or not with indication of the reasons. |
No additional cost |
Impact of the Delay on the Company's Financial Results |
No financial impact |
Additional Information |
The Third Chamber of the Commercial Court in Riyadh issued its preliminary verdict rejecting the lawsuit on 24-09-2020 M, and then the company appealed. The verdict was issued by the Second Appeal Chamber of the Commercial Court in Riyadh confirming the previous ruling to reject the case. |
Comments