| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Rawasi Albina Investment Co. published on the Tadawul website on 07/10/2025 regarding the issuance of the initial judgment by the 12th Circuit of the Commercial Court in Riyadh in Case No. (4671087535), dismissing the lawsuit filed against the Company by Mr. Saleh Abdullah Ibrahim Al-Marzouqi, the Company announces that the final judgment has been issued by the 8th Appeal Circuit of the Commercial Court in Riyadh, upholding the ruling of the 12th Circuit under Judgment No. (4731359913) dated 08/10/1447 AH, which ruled to dismiss the lawsuit |
| Previous Announcement | Rawasi Albina Investment Co announces the issuance of a judgment by the Commercial Court in Riyadh regarding case No. (4671087535), rejecting the lawsuit. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-07 Corresponding to 1447-04-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces the issuance of a final judgment by the 8th Appeal Circuit of the Commercial Court in Riyadh under Deed No. (4732037638) dated 08/10/1447 AH, which upholds the initial ruling dismissing the lawsuit filed against the Company by Mr. Saleh Abdullah Ibrahim Al-Marzouqi, based on the determination that the claimant has no entitlement to the claimed amount. |
| Reasons For The Delay on The Date of The Event Previously Announced | The final judgment was issued after completing the appeal procedures. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The lawsuit involved a claim amounting to SAR 6,480,500. The judgment did not result in any financial impact on the Company, as the lawsuit was dismissed and the claimant’s entitlement was not substantiated. |
| Delay consequences on the Company’s financial results | There is no financial impact on the Company’s financial statements as a result of the issuance of the final judgment. |
| Additional Information | The Company was represented by the Law Office of Mr. Sultan bin Omar Al-Haidal. The Company extends its sincere appreciation to Mr. Sultan Al-Haidal and his team for their efforts in this case. The Company also affirms its commitment to disclose any material developments related to the lawsuit or any potential consequences arising from it in the future, in accordance with the relevant laws and regulations. |