SCA 1754/2019
This case involved shares in a company. A key issue was whether the partnership still existed or if the company had been sold.
Background
A claimant filed a case against a company before the court. He requested the court to order the company to pay 150000 Riyals. He said that he had paid this amount as a share in the company's capital. He said that the company sold the company under consideration and therefore the partnership no longer existed.
Decision
The court ruled that the company should pay the claimant the mentioned amount.
The legal representative of the company made a plea to the court. He said that the company did not sell the company under consideration.
The court dismissed the plea.
The legal representative of the company appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.