| Element List | Explanation |
|---|---|
| Introduction | Further to the Company’s announcement regarding the lawsuit 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 million, the Company wishes to inform its shareholders that it has received an update from its legal counsel: Ahmed bin Othman Al-Huqail, Abdulilah bin Abdullah Al-Shuhail, and Saad bin Fahd Al-Khanfari – Ahmed bin Othman Al-Huqail and Partners Law Firm for Legal Advocacy and Legal Consultations, in relation to the case. |
| 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 | 2026-07-23 Corresponding to 1448-02-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Saudi Darb Investment Company announces to its valued shareholders that it received today, Tuesday, dated 14-02-1448 AH corresponding to 28-07-2026 AD, a statement from the company’s legal advisor regarding the latest developments in the execution of the final decision issued by the Appeal Committee for the Resolution of Securities Disputes. It indicates the issuance of decisions pursuant to Article (46) of the Enforcement Law in respect of the six enforcement applications submitted before the Enforcement Court in Riyadh against the former members of the Board of Directors for the term that extended from 10-02-2010 AD to 09-02-2013 AD. The company confirms that it is following up on the enforcement procedures through its legal advisor and will announce any subsequent material developments. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The company will continuously announce to the valued shareholders of Saudi Darb Investment Company any other material developments that may be issued against them in the future, God willing. And God is the source of success. |