Al-Baha discloses latest updates on case with Al-Sateaa

08/07/2025 Argaam
Logo ofAl-Baha Investment and Development Co.

Logo of Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co. stated that a court hearing was scheduled for Sept. 1 to consider its ongoing case with Al-Sateaa Modern Contracting Co.

 

In a Tadawul statement, the company added that there is no impact as it had previously booked a provision of SAR 84 million to meet the losses resulting from the asset exchange contract with Al-Sateaa.

 

For more news on listed companies

 

The company will follow up on developments in this regard and announce any material development, the statement added.

 

According to data available on Argaam, Al-Baha announced in May developments in its ongoing case with Al-Sateaa as regards obligating Al-Baha to complete the ownership transfer of 134 land parcels at the notary public, representing a 50% undivided stake in a property located in Al-Murouj, Al-Sail Al-Sagheer, Taif Governorate, to the plaintiff. A previous ruling from the Jeddah General Court, along with a decision from the Fifth Civil Circuit, ordered a freeze on any transactions related to the disputed land.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.