SBG 2992/2015
Type
Case
Court
Saudi Arabia Board of Grievances
Jurisdiction
Saudi Arabia
Taxonomy
General Banking & Finance Law
Decision date
20 Jul 2016
Catchwords
Investment - Amounts Due
This case involved amounts due to an investor.
Background
A claimant filed a case against a defendant before the court. He requested the court to order the defendant to pay him 400000 Riyals. He said that he paid this amount to the defendant in order to invest it.
Decision
The court ruled that the defendant should pay the claimant the mentioned amount.
The defendant appealed the ruling before the court of appeal. The court repealed the ruling and ruled that the defendant should pay the claimant 189900 Riyals.