2240 · 19/04/2026 09:14:10 · Announcement #94505 · View on Saudi Exchange

Advanced Building Industries Company “SENAAT” Announces Recent Developments related to the case against a subsidiary of the company

Element ListExplanation
Introduction With reference to the company's announcement published on Tadawul website on 03/06/1447 AH, corresponding to 24/11/2025 AD, regarding a case filed against one of its subsidiaries, the company announces the latest developments regarding the issuance of a preliminary court ruling in its favor in the lawsuit filed by MEDAD Real Estate Company against a subsidiary of "Senaat" Company.
Previous Announcement Advanced Building Industries Company “SENAAT” Announces a case against a subsidiary of the company
Date of Previous Announcement on Saudi Exchange’s Website 2025-11-24 Corresponding to 1447-06-03
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event A preliminary ruling was issued by Second Circuit Commercial court of Dammam, rejecting the lawsuit filed by MEDAD Real Estate Company against a subsidiary of "SENAAT" Company & The Company stated that the outcome represents a positive legal result that reinforces the Group’s legal position and reflects the strength of its governance and legal framework.

The company will continue its regulatory procedures to protect the rights of its shareholders. Reasons For The Delay on The Date of The Event Previously Announced There is no delay, as the Company is continuously monitoring developments in this regard and will promptly announce any material developments to the shareholders. The costs associated with the event, and if they have changed or not with indication of the reasons. No costs have been incurred in relation to this event during the current period. Any financial impact, if any, will be disclosed in due course. Delay consequences on the Company’s financial results N/A Additional Information N/A

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.