SCA 1374/2019 issued on 27/06/2019

This case had involved the breach of an investment agreement. A key point was a pledge by the defendant to pay an amount by a specific date which had been breached.

Background

A claimant filed a case against a defendant before the court. He requested the court to order the defendant to pay him 100000 Riyals. He said that he had paid the amount to the defendant in order to invest it in trading in goods but he had failed to commit to his obligations.

Decision

The court said that the case documents had revealed that the claimant provided the court with a document signed by the defendant in which he had pledged to pay the mentioned amount at certain date. The court said that the defendant had failed to commit to his agreement.

The court ruled that the defendant should pay the claimant the amount.

The Court of Appeal – Jeddah upheld the ruling based on same grounds.