| Element List |
Explanation |
| Introduction |
Further to the company’s announcement of filing a complaint against the former members of the Board of Directors for the term from February 10, 2010 to February 9, 2013 with the Capital Market Authority for compensation, jointly and severally, in the amount of 100 million Saudi Riyals, the company would like to announce to the shareholders the latest developments in this regard. By the grace of God, the lawsuit has been accepted and the case has been registered with the General Secretariat of the Securities Disputes Resolution Committees, and the requirements are being completed. |
| Previous Announcement |
a complaint against the former members of the Board of Directors for the term from February 10 February 2010 to 9 February 2013, with the Capital Market Authority, seeking compensation, jointly and severally, in the amount of 100 million Saudi riyals. |
| Date of Previous Announcement on Saudi Exchange’s Website |
2025-05-19 Corresponding to 1446-11-21 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
The company would like to announce to shareholders that the lawsuit has been accepted, by God’s grace, and the case has been registered with the General Secretariat of the Securities Disputes Resolution Committees, and the requirements are being completed. |
| Reasons For The Delay on The Date of The Event Previously Announced |
The company is following up on developments in this regard and announcing any material development. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
It cannot be determined at this stage, and any developments regarding this issue will be announced in due course. |
| Additional Information |
The company will follow up on developments in this regard and announce any material developments. |
Comments