On August 26, 2026, Twareat Medical Care Co. announced the latest developments in its ongoing lawsuit against Saudi Basic Industries Corporation (SABIC). On August 25, 2026, the Preliminary Circuit of the Commercial Court in Riyadh issued a ruling ordering SABIC to pay Twareat Medical Care Company SAR 1,030,464.05 as the principal claim amount, and an additional SAR 6,516.73 representing Twareat's share of expert fees; however, the court declined to hear the claim related to the contractual year from December 1, 2019 to November 30, 2020 due to the lapse of the statutory period, and ruled it lacked jurisdiction over the VAT-related request. The ruling is a preliminary judgment and remains subject to appeal upon receipt of the judgment deed, with the company committed to disclosing any further material developments in due course.

Original announcement:

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