SCA 1347/2019
Type
Case
Court
Saudi Arabian Court of Appeal
Jurisdiction
Saudi Arabia
Taxonomy
Civil Evidence, General Company Law & Business Entities, Breach, Discharge & Rescission of Contract
Decision date
21 May 2019
Catchwords
Breach - Investment - Evidence
This case involved an investment agreement and non-payment of profit share. Suitable evidence had been proved by the claimant.
Background
A claimant filed a case against a defendant before the court. He said that he had paid the defendant 50000 Riyals in order to invest them 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 prove his claims.
The court ruled that the defendant should pay the claimant the amount.
The Court of Appeal – Jeddah upheld the ruling based on same grounds.