SCA 1336/2019
Type
Case
Court
Saudi Arabian Court of Appeal
Jurisdiction
Saudi Arabia
Taxonomy
Civil Evidence, General Company Law & Business Entities
Decision date
25 May 2019
Catchwords
Investment - Profit Share - Evidence
This case involved an investment agreement where agreed profits were not paid. The claimant had provided the necessary evidence of their claim.
Background
A claimant filed a case against a defendant before the court. He said that he had paid the defendant 261000 Riyals in order to invest in exchange for a share in the profits. He said that the defendant had failed to commit to his obligations. He requested the court to order the defendant to pay the amount.
Decision
The court said that the case documents revealed that the claimant had provided the court with the documents that proved his claims.
The court ruled that the defendant should pay the claimant the mentioned amount.
The Court of Appeal – Jeddah upheld the ruling based on same grounds.