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Widam Food Company : Discloses the judgment in the lawsuit No. 54/2023 of Court of Cassation

Widam WDAM -0.89% 2.12 -0.02

Widam Food Company discloses the judgment in the lawsuit no 54 2023 .

The Court Cassation of the Supreme Judiciary Council in judgment No 54/2023 related to an appeal made against a court of appeal decision dated 31/10/2022 -  Appeal case No (6) of 2022 - which found that Widam Food Company’s AGM did not contravene any legal precepts  related to  Law  No. 11 of 2015 Promulgating the Commercial Companies Law or the Decision No 1 of 2016, or the company’s Articles of Association.   

The Court of Cassation found that appeal had no legal merit and dismissed it.

The Court has adjudicated that the appellant should bear the case cost and forsake the paid financial bail amount. 

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