SCA 1481/2019 issued on 21/05/2019
This case involved a breach of an investment agreement. Evidence was provided and case documents showed mismanagement and breach.
Background
A claimant filed a case against a company before the court. He said that he had paid the company 36000 Riyals in order to invest in grocery products. He said that the company ha failed to commit to her obligations. He requested the court to order the company to pay him the amount.
The court said that the case documents revealed that the claimant had provided the court with the documents that prove his claim including a bill signed by the company. The court said that the case documents revealed that the company had mismanaged the investment and failed to commit to their obligations.
Decision
The court ruled that the company should pay the claimant 161000 Riyals.
The Court of Appeal – Jeddah upheld the ruling based on same grounds.