Saudi Cable Faces Appeal Against Restructuring Termination Decision

SAUDI CABLE -0.90%

SAUDI CABLE

2110.SA

155.00

-0.90%

On February 9, 2026, Saudi Cable Company announced that Tathmeer Investment Company and Rawafid Al-Mustaqbal Company have filed an appeal on February 8, 2026, against the court's decision to terminate the company's financial restructuring procedure. The appeal has been referred to the Court of Appeal in Riyadh and is currently under review with no hearing date scheduled. Saudi Cable Company does not recognize the claims of these companies due to lack of proper authorization for the underlying contracts and has filed two counter-lawsuits against them as previously announced on February 3, 2026. The company states there are currently no associated costs, with any financial impact to be disclosed later if it materializes.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93033&anCat=1&cs=2110&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.