AlBaha Investment and Development Co. announced that the lawyer assigned to Al Sateaa Modern Construction Co.’s lawsuit informed it that today’ session was not held due to the Supreme Judicial Council of Saudi Arabia’s resolution number 649/17/41 dated 07/20/1441.
The company said in a bourse filing on Wednesday that the Council recently decided to suspend the litigation sessions within the framework of the preventive efforts and measures taken by the Kingdom to curb the spread of the coronavirus (COVID-19).
All sessions will be rescheduled after lifting the suspension, according to the second article of the above-mentioned resolution.
AlBaha affirmed that it will post further updates in due course.
In August 2016, AlBaha received a court order requesting the implementation of a previous administrative court order in favor of Al Sateaa Modern Construction Co.
Later, in February 2017, it obtained a ruling to stop the implementation until the order is corrected.
The initial order required AlBaha to make a payment of SAR 3 million, evacuate 134 plots in Al Taif and evacuate the poultry project land in Al Aqeeq.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}