BinDawood Holding says patent infringement case against Danube dismissed

Logo of Danube Company for Foodstuffs & Commodities

BinDawood Holding Co. announced that the Commercial Court of Jeddah dismissed the patent infringement case filed by Arab Dalla Co. against its subsidiary, Danube Company for Foodstuffs & Commodities, according to a bourse filing.

The preliminary court rejected the case in the first hearing after the initial verdict was overturned by the Court of Appeal.

The Tadawul-listed firm assures its strong legal position based on the legal confirmation given by its external lawyer.

BinDawood Holding will keep shareholders updated on the case developments, the statement added.

In August, BinDawood Holding announced that Arab Dalla Co. submitted an appeal against the verdict issued by the Court of First Instance in the lawsuit against its subsidiary Danube for patent infringement, Argaam reported.

In March, BinDawood Holding announced the dismissal of the patent infringement case against its subsidiary, Danube Company for Foodstuffs & Commodities, by Arab Dalla Co. before the Commercial Court of Jeddah during the first hearing on March 10, 2021, Argaam reported.

In February, the company announced that Arab Dalla Co. filed a lawsuit against one of its subsidiaries, Danube, for patent infringement, seeking a compensation of SAR 124.13 million and legal fees of SAR 300,000.