| Element List | Explanation |
|---|---|
| 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.
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