Jazan Energy and Development Co. announcement regarding the developments of filing a lawsuit against the former Board of Directors of Tabuk Fish Co.

11/01/2021 Tadawul
ELEMENT LIST EXPLANATION
Introduction Jazan Energy and Development Company (JAZADCO) wishes to clarify the following to its shareholders; the company has been notified on 07-02-1442 H, dated 24-09-2020 by Al-Wasidi law office, who’s the assigned office on this case against the former board of directors of Tabuk Fish Company (No. 1/350 / on 09-01- 1433H), of receiving the initial ruling issued by the Commercial Court in Riyadh rejecting the case.
Previous Announcement regarding the developments of filing a lawsuit against the former Board of Directors of Tabuk Fish Co.
Date of Previous Announcement on Tadawul's Website 2014-06-08 Corresponding to 1435-08-10
Percentage of fulfilled achievement does not apply
Event's Expected Completion Date Cannot be determined at the moment
Reasons for Exceeding the Announced End Date Follow up on court procedures
The costs associated with the event, and if they have changed or not with indication of the reasons. does not apply
Impact of the Delay on the Company's Financial Results does not apply
Additional Information Jazadco submitted an appeal and objection to the ruling within the statutory period. The company will announce any substantial update in this regard on a timely manner.

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