SCA 63/2019
Type
Case
Court
Saudi Arabian Court of Appeal
Jurisdiction
Saudi Arabia
Taxonomy
Civil Costs, Remedies, Share Schemes
Decision date
1 Oct 2019
Catchwords
Compensation - Costs - Company - Investment - Breach
This case involved compensation and costs due to an individual who had invested in a company which had breached their agreement.
Background
A claimant filed a case against a company before the court. He requested the court to order the company to pay him 100000 Riyals. He said that he had paid this amount to the company in order to invest in food trading. He said that the company had failed to commit to its obligations. The claimant provided the court with documents that prove his claim.
Decision
The court ruled that the company should pay the claimant the mentioned amount in addition to the expenses of the lawyer of 10000 Riyals.
The company appealed the ruling before the court of appeal.
The court dismissed the appeal and upheld the appealed ruling.