| Element List | Explanation |
|---|---|
| Introduction | Bindawood Holding Co. announces the issuance of an appealed judicial decision before the Jeddah Commercial Appeals Court on 24 Jan 2022G in favor of its subsidiary (Danube Co. for Foodstuffs & Commodities). The Jeddah Commercial Appeals Court ruled the case brought by Arab Dalla pertaining to its claim of compensation amounting to SAR 124,125,159 plus legal fees of SAR 300,000 as inadmissible. |
Consequently, the Appeals Court rendered its decision to overturn the judgement of the Court of Preliminary Judicial Decision and ruled again that the case is inadmissible due to lack of legal capacity.
BinDawood Holding Co. will keep its honorable shareholders updated on the developments of the Case.
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