Sinad says broker pays SAR 5.2M claim in north Riyadh land lawsuit

08/10/2024 Argaam
Logo ofSinad Holding Co.

Logo of Sinad Holding Co. 

Sinad Holding Co. said that the purchase broker paid the claimed amount of SAR 5.24 million, in compliance with the ruling issued in favor of the company in north Riyadh land lawsuit.

 

In a statement to Tadawul, the company said that the positive financial impact will appear in the annual consolidated financial statements for 2024.

 

For more news on listed companies

 

According to data compiled by Argaam, Sinad filed a lawsuit in December 2019 against the purchase broker of the land located in north of Riyadh and requested a refund of the SAR 5.24 million paid as commission.

 

In June 2023, the company said that the Court of Appeal issued a ruling in favor of the company and upheld the preliminary ruling obligating the broker to pay SAR 5.24 million to the company.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.