Al-Baha Investment and Development Co.’s logo
Al-Baha Investment and Development Co. said that its lawsuit against Al Sateaa Modern Construction Co. was returned to the court of appeal, and the court set Jan. 18, 2021, as the date for hearing the case.
Any further updates will be announced in a timely manner, the company added in a bourse statement.
In February 2020, Al-Baha announced it filed an appeal against the court order issued on Jan. 27, 2019, concerning the correction of the interpretation of the judgment, according to data compiled by Argaam.
In August 2016, Al-Baha received a court order requesting the implementation of a previous administrative court order in favor of Al Sateaa Modern Construction Co. requiring Al-Baha to make a payment of SAR 3 million, evacuate 134 plots in Al Taif and evacuate the poultry project land in Al Aqeeq.
In February 2017, the company obtained a ruling to stop the implementation until the order is corrected.
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