premargin

Element List	Explanation
Introduction	Twareat Medical Company announces the filing of a legal claim against the Saudi Basic Industries Corporation (SABIC), seeking compensation for financial differences resulting from the failure to provide the minimum number of test requests contractually agreed upon between the two parties during the period from 2019 to 2024, with a total claimed amount of SAR 34,505,037 (inclusive of VAT).
Lawsuit Opponent	Saudi Basic Industries Corporation (SABIC)
Name of the Plaintiff	Twareat Medical Care Company
Type of the Lawsuit	Commercial lawsuit
Name and Location of the Competent Judicial Authority	The Fourth Circuit of the Commercial Court in Riyadh City.
Date of Submitting the Lawsuit	2025-11-10 Corresponding to 1447-05-19
Summery of the Lawsuit and its Reasons	Twareat Medical Company provides comprehensive operation of eight (8) medical clinics located within the facilities of SABIC and its affiliated companies, under an agreement whereby Twareat delivers full occupational health and medical care services to SABIC employees and its subsidiaries. These services include the provision of medical staff, equipment, medications, diagnostic procedures, laboratory tests, and related healthcare services. The contractual period spans five years, commencing on December 1, 2019, and ending on November 30, 2024. The agreement stipulates that Twareat shall perform a specified number of medical examinations annually, with a clause requiring SABIC to compensate for any financial differences in the event that the number of examinations conducted falls below the minimum threshold agreed upon in the contract.
Expected Financial Impact Including the Claimed Sums, Fees and any other Charges	According to the statement of claim, the total amount being claimed is SAR 34,505,037 (inclusive of VAT), representing the financial differences resulting from the failure to provide the minimum agreed-upon number of test requests contractually between the two parties. As for the expected financial impact, it cannot be determined at this stage. Any developments related to this case will be disclosed in due course. However, if the company succeeds in the lawsuit and recovers the claimed amount, this will result in a positive financial impact on the company’s results at the time of collection
Any Substantial Legal, Regulatory, or Operational Risks that may Result from the Lawsuit, including the Results of such Impact on the Company's Financial, Legal or Operational Standing	The legal implications and risks associated with this case cannot be determined at this stage. Any developments related to this case will be disclosed in due course.
Measures Taken by the Company, including the Estimation of the Potential Liability Resulting from the Lawsuit	The company has appointed a law firm to examine the facts of the case and provide legal counsel regarding the validity of the financial claim based on the relevant contracts and documents. The defendant was formally notified through an official notice issued by the appointed law firm of the company’s intention to pursue an amicable settlement or proceed with legal action. As no response has been received to date, the company proceeded to file the lawsuit. At this stage, liability cannot be determined, and any developments related to the case will be disclosed in due course.
Additional Information	NA

Twareat Medical Care Co. announces the filing of a lawsuit against the Saudi Basic Industries Corporation (SABIC).