SCA 1461/2019
This case involved a failure to comply with a contract on investing in share trading. The defendant had failed to provide evidence and had breached a contract term only to invest 30% of the amount in trading shares.
Background
A claimant filed a case against a defendant before the court. He said that he had paid the defendant 200000 Riyals in order to invest them in share trading. He said that the defendant had failed to commit to his obligations. The claimant requested the court to order the defendant to pay him the mentioned amount.
The defendant claimed that he ha lost the amount in the share trading.
The court said that the case documents revealed that the contract signed between the two parties stipulated that the defendant should not invest more than 30% of the mentioned amount. The court said that the case documents revealed that the defendant had ailed to comply with this condition. The court said that the case documents also revealed that the claimant had provided the court with the documents that proved his claim while the defendant had failed to do so.