SCA 1863/2019
This case involved an investment agreement where profits had not been shared. A key issue was whether the defendant had been given sufficient time to put forward a defence.
Background
A claimant filed a case against a company before the court. He requested the court to order the company to pay him 710000 Riyals. He said that he had paid this amount to the company in order to invest it in exchange for a share of the profit. The claimant said that the company had failed to commit to its obligations according to the signed contract.
Decision
The court ruled that the company should pay the claimant the mentioned amount.
The company made a plea to the court. The company said that they had not hadt the opportunity to defend its claim within the legal deadline. It also said that the documents that proved its claim was stolen.
The court dismissed the plea.
The company appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.