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Saudi Motor Services Company (SASCO) announced today that it has received a final decision from the Riyadh District Court (41), requesting the Ministry of Housing (the Respondent) to pay 8.22 million riyals as compensation. compensation.
The company said in a statement on the "Tadawul" that a decision had been made by the Riyadh High Court and seconded by the Riyadh Court of Appeal and that it was annexed to the calculation formula by requiring the Department of Housing to pay the above-mentioned amount.
The Company has indicated that the expected financial impact of this issue, including the amount claimed and any other fees, will be reflected in the statement of operations in the preliminary financial results for the period ended March 31, 2019 with the Company. total amount.
He stated that the trial did not present any significant legal, regulatory or operational risk, and indicated that he would subsequently announce any significant developments in this regard.
The company said it had initiated a lawsuit against the Ministry of Housing, Rajab 1434H 29, asking the ministry to put an end to the company's on-site crime in Hafr Al Batin ( Hafr Al Batin / Riyadh). At 2 m.
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