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Al-Baha Investment and Development Company announces the latest developments for the company’s submission of its appeal against the judgment received on 21 Jumad Al-Awal 1440 AH corresponding to January 27, 2019 AD regarding the correction of the interpretation of the judgment issued by the Commercial Court of Al Sata'a Modern Contracting Company Ltd

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Introduction Further to the announcement of the Al Baha Investment and Development Company on 12 Jumada Al Awal 1442 AH corresponding to December 27 2020 AD regarding the companys submission of its appeal against the judgment received on 21 Jumada Al Awal 1440 AH corresponding to January 27 2019 CE regarding the correction of the interpretation of the judgment issued by the Commercial Court of Al Sataa Modern Contracting Company Ltd
Previous Announcement The company would like to inform the shareholders of the follow up of the case related to the correction of the interpretation of the judgment issued by the commercial court of AlSataa Modern Contracting Ltd. The second 1442 AH corresponding to January 18 2021 AD, and the presence of the defendants representative did not appear and the referral for this electronic exchange has been set for Wednesday the date of Jumada al Thani 28 1442 AH corresponding to February 10 2021 CE

The company will announce any future material developments if any in a timely manner

Date of Previous Announcement on Tadawul's Website 2020-12-27 Corresponding to 1442-05-12
Percentage of fulfilled achievement There is no
Event's Expected Completion Date There is no
The costs associated with the event, and if they have changed or not with indication of the reasons. There is no
Additional Information The company would like to inform the shareholders of the follow-up of the issue related to the correction of the interpretation of the judgment issued by the commercial court of Al Sataa Modern Contracting Ltd. MONDAY Jumada al Thani 1442 to 18 January 2021 and the presence of the defendant’s representative did not appear, and the referral for this electronic exchange has been set for Wednesday the date of 28 Jumada al Thani1442 to 10 2021 February

The company will announce any future material developments, if any in a timely manner

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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