| Introduction | Ratio Speciality Company for Trading announces the issuance of a ruling by the Commercial Ad Hoc Arbitration Panel in the legal case filed by a franchisee against Ratio Speciality Company for Trading. The ruling stipulates the dismissal of all claims submitted by the franchisee, as well as the termination of the franchise agreement, and orders the franchisee to pay an amount of SAR 1,070,457.6 (one million seventy thousand four hundred fifty-seven riyals and sixty halalas) as dues in favor of Ratio Speciality Company for Trading |
| Previous Announcement | RATIO SPECIALITY COMPANY FOR TRADING announces, as disclosed in its prospectus dated March 3, 2025, that a single legal case has been filed against the Company. The case consists of a commercial arbitration claim requesting the termination of the franchise agreement |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-03 Corresponding to 1446-09-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The arbitration award issued by the Commercial Ad Hoc Arbitration Panel has been received. The ruling orders the dismissal of all claims submitted by the franchisee and obligates the franchisee to pay an amount of SAR 1,070,457.6 (one million seventy thousand four hundred fifty-seven riyals and sixty halalas) as dues in favor of Ratio Speciality Company for Trading, in addition to the termination of the franchise agreement. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The arbitration and expert fees shall be borne equally by both parties. |