Sinad Holding Company announces the latest developments for (a lawsuit filed against the mediator for the purchase of the land north of Riyadh, demanding that he return the amount of 5,239,441 riyals to the company as a result of canceling the land deed.)
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company's announcement published on the Tadawul website on 18-04-1441 H corresponding to 15-12-2019 AD regarding filing a lawsuit against the mediator in the General Court in Riyadh to demand that the mediator of the endeavor (the defendant) be required to return the amount paid to him as a mediator of the aforementioned land purchase to the company in the amount of 5,239,441 riyals as a result of canceling the deed.
The company announces that a preliminary judgment was issued in its favor on 16-08-1444 H corresponding to 08-03-2023 AD the mediator is oblige to give an amount of 5,239,441 riyals to the company , and The period of objection by way of appeal is thirty days starting from the next day of receiving the judgment deed based on the legal pleadings system. |
| Previous Announcement | Sinad Holding Company announces that it has filed a lawsuit against the mediator for the purchase of the land north of Riyadh, demanding that he return the amount of 5,239,441 riyals to the company as a result of canceling the land deed. |
| Date of Previous Announcement on Tadawul's Website | 2019-12-15 Corresponding to 1441-04-18 |
| Percentage of fulfilled achievement | doesn’t apply |
| Event's Expected Completion Date | It cannot be determined at the present. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | doesn’t apply |
| Additional Information | There is no financial impact on the company obtaining this court ruling in its favor, and the company will announce any material developments in this regard when it happens. |
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