Molan: Lawsuit to annul Yara International contract still under review

Case Developments

Announcement Date

Details

Nov. 19, 2024

Molan signed a memorandum of understanding (MoU) with Yara International to acquire 100% of Mayar International Industry.

Dec. 29, 2024

Molan signed a contract with Yara International to acquire 100% of Mayar International Industry for SAR 34.88 million.

July 20, 2025

Molan received a notice of a commercial lawsuit filed against the company by Yara International at the Commercial Court in Riyadh.

Yara seeks SAR 17.88 million in alleged outstanding payments related to the sale of its subsidiary, Mayar International. Yara also claims an additional SAR 2 million in litigation damages.

Sept. 16, 2025

Molan received a preliminary ruling issued by the Commercial Court in Riyadh in the case filed by Yara International, ordering Molan to pay SAR 17.88 million to the plaintiff. Other claims were dismissed.

Oct. 6, 2025

 Molan filed a lawsuit against Yara International before the Commercial Court in Riyadh to nullify a purchase agreement for its subsidiary, Mayar International, valued at SAR 34.88 million.

Nov. 12, 2025

A final court ruling was issued in the legal action filed by Yara International, requiring Molan to pay the claimant an amount of SAR 17.88 million, and rejecting the other claims.

Nov. 17, 2025

The first-instance ruling was issued to suspend the enforcement of the judgment issued against Molan, which obliges it to pay SAR 17.88 million to Yara International, pending a final ruling on the contract annulment lawsuit.

Jan. 5, 2026

The Riyadh Commercial Court of Appeal issued a ruling revoking the decision to suspend the enforcement of the judgment against Molan, which obliges it to pay SAR 17.88 million to Yara International, and ruled again not to accept the request to suspend enforcement.