| Introduction | With reference to the announcement of Twareat Medical Care Company dated 02-06-1447H corresponding to 23-11-2025, regarding filing a lawsuit against the Saudi Basic Industries Corporation (SABIC) to claim the financial differences resulting from not providing the minimum agreed contractual requests for medical tests between the two parties during the period from 2019 to 2024, with a total amount of SAR 34,505,037 (including VAT). The company also refers to its announcement dated 05-06-1447H corresponding to 26-11-2025, regarding the ruling of the competent circuit that the commercial courts lack jurisdiction to hear this case. |
| Previous Announcement | Twareat Medical Care Co. Announces an update on its announcement of filing of a lawsuit against the Saudi Basic Industries Corporation (SABIC). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-11-26 Corresponding to 1447-06-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Twareat Medical Care Company announces that on 19-06-1447H corresponding to 10-12-2025, it received a notification from its external lawyer confirming the submission of an appeal memorandum before the Commercial Court in Riyadh on 18-06-1447H corresponding to 09-12-2025. The appeal objects to the judgment issued in case against the Saudi Basic Industries Corporation (SABIC), which relates to a claim amounting to SAR 34,505,037 (including VAT) for financial differences arising from a contract to operate internal clinic facilities. The primary circuit had ruled that the commercial courts lack subject-matter jurisdiction to hear the case. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | The company will announce any further material developments in due course. |