Batic unit receives court decision to suspend SAR 42.2M enforcement order

Logo of Batic Investments and Logistics Co.

Batic Investments and Logistics Co. announced that its subsidiary, Smart Cities Telecommunications and Information Technology Solutions Co., was informed about a court decision from July 26 that stops the enforcement order and closes the enforcement application for a claim made by Al-Qassim Region Municipality (Furas Platform) for SAR 42.21 million, including VAT.

In a statement to Tadawul, the company clarified today, July 27, that the court's decision came after it was notified that its subsidiary had filed an appeal with the Supreme Court seeking to overturn the ruling and cancel the enforcement order, based on Article (4/4) of the Implementing Regulations of the Enforcement Law before the Board of Grievances.

According to Argaam’s data, Batic had announced earlier this month that its subsidiary received notification of an enforcement order issued by the Administrative Enforcement Court for SAR 42.21 million related to a municipal property investment contract for the leasing, development, operation, and maintenance of smart parking facilities in Buraidah. This contract was terminated by the Qassim Region Municipality in February 2025. The subsidiary took the necessary legal measures and filed an appeal with the Supreme Court.