Saudi Darb Appeals Committee Affirms SAR 100M Directors Lawsuit Ruling
SAUDI DARB 4130.SA | 0.00 |
On July 20, 2026, Saudi Darb Investment Co. announced an update regarding the lawsuit filed against former members of its Board of Directors (for the term from February 10, 2010 to February 9, 2013) before the Capital Market Authority's Committee for the Resolution of Securities Disputes, seeking joint and several compensation of SAR 100,000,000. The company's legal counsel has advised that the Appeals Committee has resolved to affirm the original decision of the Committee for the Resolution of Securities Disputes, directing all competent government authorities and agencies to enforce the decision through all legally prescribed means. Any further material developments will be announced in due course.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96875&anCat=1&cs=4130&locale=arImportant 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.
