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Arabian Cement Company announces the latest update of the (Arabian Cement Company announces a lawsuit case at the Commercial Court against Emaar, the Economic City company)

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Element List Explanation
Introduction With reference to the previous announcement on Tadawul Website dated on 28/03/1444 H Corresponding to 24/10/2022 AD regarding the issuance of a court ruling from the Commercial Court in Jeddah (First appellate chamber) No. (4430155177) dated 28/03/1444 H corresponding to 24/10/2022 AD canceling the ruling of the Commercial Court in Jeddah (Fifteenth chamber) issued on 13/11/1443 H corresponding to 12/06/2022 AD, case No. (439006544) and the ruling of the lack of jurisdiction of commercial courts to consider this case, and the company's decision to file a lawsuit for the same purpose at the General Court in Jeddah.

Accordingly, Arabian Cement Company announces the issuance of a preliminary court ruling in its favor No. ( 4430951326 ) dated 11/11/1444 H corresponding to 31/05/2023 AD from the General Court in Jeddah against Emaar, Economic City Company by obliging the defendant (Emaar, Economic City Company) to make available to the plaintiff (Arabian Cement Company) a total quantity of 4,572,270 tones (Four millions five hundreds and seventy two thousands and two hundreds and seventy tons) of limestone usable in cement manufacturing and to enable the plaintiff ( Arabian Cement Company) to receive the quantity-immediately- in accordance with the agreement signed between the parties on 07/06/1433 H, corresponding to 28/04/2012 AD.

Note that the period of objection to the judgment issued by appeal is thirty days from the date of receiving of the deed, and if one of the parties does not file and objection within the indicated period, his right to appeal shall be forfeited and the judgment will be conclusive based on the system of legitimate pleadings.

Previous Announcement Arabian Cement Company announces a lawsuit case at the Commercial Court against Emaar, the Economic City Company
Date of Previous Announcement on Tadawul's Website 2022-10-24 Corresponding to 1444-03-28
Percentage of fulfilled achievement Not Applicable
Event's Expected Completion Date Cannot be determined at present
The costs associated with the event, and if they have changed or not with indication of the reasons. Not Applicable
Additional Information There is no financial impact to obtain this court ruling, and the company will announce any developments in this regard when it is available.

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