SCA 425/2019
This case involved a failure to pay profits and capital following an investment. A key point was the defendant had confessed had had received the money and the claimant had evidence of their claim.
Background
A claimant filed a case against a defendant before the court. He said that he had paid 100000 Riyals to the defendant in order to invest it. He said that the defendant had failed to commit to his obligations. He requested the court to order the defendant to pay him the value of the capital and the profits.
Decision
The court said that the case documents revealed that the claimant had provided the court with the documents that proved his claims. The court said that the defendant had confessed that he had received the amount from the claimant in order to invest it.
The court ruled that the defendant should pay the claimant 250000 Riyals.
The court of appeal upheld the ruling based on the same grounds.