Twareat says preliminary ruling orders SABIC to pay SAR 1.03M

Logo of Twareat Medical Co. (TMC Health) 

Twareat Medical Co. (TMC Health) announced that the Preliminary Circuit of the Riyadh Commercial Court issued a preliminary ruling on Aug. 25, in the lawsuit filed against Saudi Basic Industries Corp. (SABIC), according to a statement on Tadawul.

 

Under the ruling, SABIC was ordered to pay Twareat SAR 1.03 million, plus SAR 6,500 representing its share of the expert fees deposited by the company.

 

The court also ruled not to hear Twareat’s claim for the contractual year from Dec. 1, 2019, to Nov. 30, 2020, due to the expiry of the statutory limitation period. It further ruled that it lacked jurisdiction over the company’s claim for VAT on the principal amount and dismissed the remaining claims.

 

The ruling is preliminary and subject to appeal upon receipt of the judgment instrument.

 

Twareat said it will announce any further material developments in due course.

 

In November 2025, Twareat said it filed a lawsuit against SABIC with the Riyadh Commercial Court, seeking SAR 34.51 million, including VAT, in financial claims for the period from Dec. 1, 2019, to Nov. 30, 2024.

 

The lawsuit is related to an agreement to operate eight medical clinics at the facilities of SABIC and its subsidiaries. Under the agreement, Twareat was required to conduct a specified number of medical examinations for employees of SABIC and its subsidiaries each year, with SABIC required to compensate Twareat for any shortfall if the number of examinations fell below the contractual minimum.

 

On Nov. 26, Twareat received formal notice from its external counsel that, after closing pleadings and deliberations, the court ruled that commercial courts lacked subject-matter jurisdiction over the case. The company subsequently appealed the ruling.

 

In December 2025, Twareat said the appeals court overturned the lower court’s ruling on jurisdiction and referred the case back to the lower court for consideration on the merits.

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