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Jazan Energy and Development Co. announce that regarding the developments of filing a lawsuit against the former Board of Directors of Tabuk Fish Company.

JAZADCO 6090 32.77% 17.26 4.26
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.

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