SBG 7107/2015
This case involved the difference between the amount paid for shares under contract and the value of those shares, and if compensation was due. A key point was if the claimant had willingly signed the contract.
Background
A claimant filed a case against a company before the court. He requested the court to order the company to pay him 30000000 Riyals. He said that this amount was the difference between the value of shares they bought in a company and the real value of these shares.
The company said that the claimant had signed the contract willingly and that the claimant did not make any objection to the contract at the time.
Decision
The court dismissed the case.
The claimant appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.