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Saudi Darb Investment Co. Announces an update on The case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority – Committee for the Resolution of Securities Disputes, seeking compensation, jointly and severally, in the amount of SAR 100,000,000.
4130
SAUDI DARB
0.43
%
1448/02/07 21/07/2026 08:01:39
| Element List | Explanation |
|---|---|
| Introduction | Further to the Company’s announcement regarding the lawsuit filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority, seeking compensation for the Company jointly and severally in the amount of SAR 100 million, the Company wishes to inform its shareholders that it has received an update from its legal counsel: Ahmed bin Othman Al-Huqail, Abdulilah bin Abdullah Al-Shuhail, and Saad bin Fahd Al-Khanfari – Ahmed bin Othman Al-Huqail and Partners Law Firm for Legal Advocacy and Legal Consultations, in relation to the case. |
| Previous Announcement | The case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority – Committee for the Resolution of Securities Disputes, seeking compensation, jointly and severally, in the amount of SAR 100,000,000. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-07-20 Corresponding to 1448-02-06 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Saudi DRB Investment Company wishes to announce to its valued shareholders that, today, Monday, 20 Safar 1448 AH (corresponding to July 20, 2026), it received a notification from the Company's legal counsel, Ahmed bin Othman Al-Huqail & Partners Law Firm and Legal Consultants, confirming that six (6) enforcement applications have been filed with the Riyadh Enforcement Court against the former members of the Board of Directors who served during the term from 10 February 2010 to 09 February 2013. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Any material developments will be announced in due course, God willing. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 2.31
Net Change 0.01 (+0.43%)
Value Traded (Sar) 9,089,058.68
Volume Traded 3,945,373
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