In a new development of Aseer Trading, Tourism and Industry Regarding a lawsuit on a land seller north of Riyadh with his demand to repatriate 202 million riyals to the company as a result of cancellation of the instrument, the company said: The defendant (land seller) may apply Requesting the Court of Appeal in Riyadh on March 18, 2021 by ruling and reputing the duration of the regular objection period and after the company submitted the Implementation Court for the Implementation of the Practitioner and that the request for the petition was accepted and consideration of the court issued and sentenced to the case. / p>

According to Arab Net, the company said in a statement to the Saudi banking market that the court fell former judgment, which fell for the establishment of a contract between the Prosecutor and the defendant and what is right, and the obligation of the defendant (land seller) payment SR 202 million for Asir.

Asir was replyed to the discretion of the issue of large issues over 100 million riyals and are covered by the jurisdiction of the Department of Large Suits in the Public Court in Riyadh and that the right to objection against the sentence during a period Thirty days from the date of the judgment 19-8-1442 / 1-4-2021.


The company stresses that it will take all necessary measures to preserve their rights and shareholders' rights.


The company confirmed that the court proved from canceling the Earth instrument, and receiving the seller checks issued by the company on behalf of the seller in the amount paid to him from the price of the land and the capacity of 202 million riyals and he was filed in his personal account.


The company stresses that it will take all the systematic procedures necessary to preserve their rights and shareholders, and there is no financial impact at present from the issuance of regime and the company will declare any substantive developments in this regard.