SCA 514/2019
Type
Case
Court
Saudi Arabian Court of Appeal
Jurisdiction
Saudi Arabia
Taxonomy
Breach, Discharge & Rescission of Contract, Share Schemes, Sale of Goods
Decision date
18 May 2019
Catchwords
Share Sales - Agreement - Violated
This case involved whether claimants should be paid the value of their shares which had been sold when it was said one of the litigants had violated an agreement.
Background
Claimants have filed a case against a company before the court. They requested the court to order the company to pay them the value of their shares which had been sold according to the agreement reached between the two parties.
The company admitted the existence of the agreement. The company said that one of the claimants had violated it.
Decision
The court ruled that the company should pay the claimants the value of their shares.
The company appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.