SCA 1864/2019

This case involved the mismanagement of an investment by a company. The company's defence was their documents and financial statements had been stolen. They were ordered to pay the investor.

Background

A claimant filed a case against a company before the court. He requested the court to order the company to pay him 40000 Riyals. He said that he had paid the company money in order to invest it in goods for trading but the company had failed to commit to their obligations.

The court said that the case documents revealed that the claimant provided the court with the documents that prove his claims. The court said that the company claimed that their documents and financial statements had been stolen. The court said that the company had mismanaged the claimant’s investment.

Decision

The court ruled that the company should pay the claimant the mentioned amount.

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