Arabian Contracting Services Co. Announces an update on Arabian Contracting Services Co. announces winning the bid for "the establish, operate, maintain and install billboards in Dammam Metropolitan (Dammam, Khobar and Dhahran) in the Eastern Province"
| Element List | Explanation |
|---|---|
| Introduction | Referring to the Announcement by Arabian Contracting Services Co. on 07/06/2023, Corresponding to 18/11/1444 AH, on the Tadawul Website, Regarding Winning the Bid for "Establishing, Operating, Maintaining, and Installing Billboards with All Their Means in the Dammam Metropolitan Area (Dammam, Khobar, and Dhahran) in the Eastern Province"
Arabian Contracting Services Co. announces the issuance of a preliminary ruling on the inadmissibility of the case filed against the Eastern Province Municipality, related to canceling the re-tender of the project that had previously been awarded to the company on the Saudi Cities Investment Gate “FURAS”, through ASHRAQ Development company. |
| Previous Announcement | Arabian Contracting Services Co. announces winning the bid for "the establish, operate, maintain and install billboards in Dammam Metropolitan (Dammam, Khobar and Dhahran) in the Eastern Province" |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-06-07 Corresponding to 1444-11-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company has filed a lawsuit in the Administrative Court of Dammam against the Eastern Province Municipality, seeking to cancel the municipality's decision to re-tender the competition project after the company was awarded it. However, the Administrative Court preliminary ruling on the inadmissibility of the case, the ruling was issued on 10/08/2025 Corresponding to 16/02/1447 AH. Accordingly, the company will prepare an appeal against the ruling within the legal timeframe. |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
| Additional Information | The Company will announce any major development in this regard. |
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