Senaat Updates on MEDAD Real Estate Appeal Case

SENAAT

SENAAT

2240.SA

0.00

On May 21, 2026, Advanced Building Industries Company "Senaat" announced that MEDAD Real Estate Company has appealed a preliminary court ruling that previously favored Senaat's subsidiary, Zamil Air Conditioning and Refrigeration Services. MEDAD is requesting the initial ruling be overturned and seeking judgment in their favor for lost profits according to their claim. Senaat maintains confidence in its strong legal position and states that no costs have been incurred during the current period, with any financial impact to be disclosed in due course if applicable.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95655&anCat=1&cs=2240&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.

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