| 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. |
| 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 |