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Saudi Darb receives final ruling in SAR 100m board liability case

Saudi Darb receives final ruling in SAR 100m board liability case
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SAUDI DARB
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Riyadh – Mubasher: Saudi Darb Investment Company announced that the Appeal Committee for Resolution of Securities Disputes has issued a final decision upholding a previous ruling against former members of its board of directors.

The case involves individuals who served on the board during the term spanning 10 February 2010 to 9 February 2013.

The ruling mandates that the former directors pay the company SAR 100 million in compensation on a joint and several liability basis.

Following the appeal committee's endorsement of the initial decision by the Committee for the Resolution of Securities Disputes, all relevant government departments and competent authorities have been directed to execute the judgement using all statutory means.

This development follows a previous disclosure made by the company on 4 June 2026 regarding the litigation. Saudi Darb Investment confirmed it received the update through its legal counsel, Ahmed bin Othman Al Hogail and Partners.

The company stated it will disclose any further material developments regarding the enforcement of the ruling as they occur.