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Saudi Darb Investment Co. received a preliminary ruling ordering six former board members to pay the company SAR 68,699,441 in compensation for the term between 2010 and 2013.
The Committee for the Resolution of Securities Disputes also ordered the defendants to pay SAR 500,000 in legal fee compensation, while dismissing all other claims.
The decision is preliminary and subject to appeal within 30 days from the date of receipt on April 22, 2026.
The company will announce any positive financial impact once the decision becomes final and enforceable.

Element List	Explanation
Introduction	Further to the Company’s announcement regarding the case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority, seeking compensation for the Company, jointly and severally, in the amount of SAR 100,000,000, the Company wishes to inform its shareholders that it has, on Wednesday, 5 Dhu al-Qa’dah 1447H, corresponding to 22 April 2026, received the decision issued by the Committee for the Resolution of Securities Disputes in the claim filed by the Company against six former members of the Board of Directors.
Previous Announcement	The case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority – Committee for the Resolution of Securities Disputes, seeking compensation, jointly and severally, in the amount of SAR 100,000,000.
Date of Previous Announcement on Saudi Exchange’s Website	2025-07-21 Corresponding to 1447-01-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Saudi Darb Investment Company (formerly Al Baha Investment and Development Company) is pleased to announce to its esteemed shareholders that it has received a notification from the Company’s legal counsel, namely Mr. Ahmed bin Othman Al-Huqail, Mr. Abdulilah bin Abdullah Al-Shaheel, and Mr. Saad bin Fahd Al-Khanfari of Ahmed bin Othman Al-Huqail & Partners Law Firm and Legal Consultants, stating that the Committee for the Resolution of Securities Disputes has issued its preliminary decision, which ruled as follows: First: Ordering the defendants, jointly and severally, to pay the claimant, Darb Saudi Investment Company (formerly Al Baha Investment and Development Company), an amount of SAR 68,699,441 (sixty-eight million, six hundred ninety-nine thousand, four hundred forty-one Saudi Riyals). Second: Ordering the defendants, jointly and severally, to pay the claimant an amount of SAR 500,000 (five hundred thousand Saudi Riyals) as compensation for legal fees. Third: Dismissing all other claims. The Company further notes that the decision issued in the above case against the members of the Board of Directors is a preliminary decision and is subject to appeal within 30 days from the date of receipt of the decision notice. And Allah is the Grantor of success.
The costs associated with the event, and if they have changed or not with indication of the reasons.	The positive impact will be announced upon the decision becoming final and enforceable, God willing. May Allah grant success, and all praise is due to Allah, Lord of the Worlds.

Element List

Explanation

Introduction

Further to the Company’s announcement regarding the case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority, seeking compensation for the Company, jointly and severally, in the amount of SAR 100,000,000, the Company wishes to inform its shareholders that it has, on Wednesday, 5 Dhu al-Qa’dah 1447H, corresponding to 22 April 2026, received the decision issued by the Committee for the Resolution of Securities Disputes in the claim filed by the Company against six former members of the Board of Directors.

Previous Announcement

The case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority – Committee for the Resolution of Securities Disputes, seeking compensation, jointly and severally, in the amount of SAR 100,000,000.

Date of Previous Announcement on Saudi Exchange’s Website

2025-07-21 Corresponding to 1447-01-26

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Saudi Darb Investment Company (formerly Al Baha Investment and Development Company) is pleased to announce to its esteemed shareholders that it has received a notification from the Company’s legal counsel, namely Mr. Ahmed bin Othman Al-Huqail, Mr. Abdulilah bin Abdullah Al-Shaheel, and Mr. Saad bin Fahd Al-Khanfari of Ahmed bin Othman Al-Huqail & Partners Law Firm and Legal Consultants, stating that the Committee for the Resolution of Securities Disputes has issued its preliminary decision, which ruled as follows:

First:

Ordering the defendants, jointly and severally, to pay the claimant, Darb Saudi Investment Company (formerly Al Baha Investment and Development Company), an amount of SAR 68,699,441 (sixty-eight million, six hundred ninety-nine thousand, four hundred forty-one Saudi Riyals).

Second:

Ordering the defendants, jointly and severally, to pay the claimant an amount of SAR 500,000 (five hundred thousand Saudi Riyals) as compensation for legal fees.

Third:

Dismissing all other claims.

The Company further notes that the decision issued in the above case against the members of the Board of Directors is a preliminary decision and is subject to appeal within 30 days from the date of receipt of the decision notice.

And Allah is the Grantor of success.

The costs associated with the event, and if they have changed or not with indication of the reasons.

The positive impact will be announced upon the decision becoming final and enforceable, God willing. May Allah grant success, and all praise is due to Allah, Lord of the Worlds.