Logo ofSaudi Darb Investment Co.
Saudi Darb Investment Co. (formerly Al-Baha Investment) received preliminary rulings in its favor from the Committee for the Resolution of Securities Disputes (CRSD), ordering former board members, jointly liable, to pay around SAR 68.7 million. 
In a statement to Tadawul, the company said the ruling also includes SAR 500,000 in legal fees, while other claims were dismissed.
The ruling is preliminary and subject to appeal within 30 days of receipt, while the financial impact will be disclosed once the ruling becomes final, the statement added.
According to Argaam data, the company announced in May 2025 that it had filed a complaint with the Capital Market Authority (CMA) against former board members who served between February 10, 2010, and February 9, 2013.
At the time, it said the former board had signed a contract to sell company assets under which the company acquired a crusher, a cement concrete project, and a hollow core project from Al-Sateaa Modern Contracting Co. for SAR 86 million.
The company paid SAR 10 million in cash, while the remainder will be paid in kind as a waiver of Al Baha’s entire assets. Al Baha will pay 50% of the land price of the Al Murooj project in Taif. The land spans an area of 114,000 square meters.
The assets also include a 993,000-square-meter land plot located west of the western corner of Al Aqiq Governorate Airport, where a poultry project with all its facilities and fixed and movable assets is located.
Moreover, Al Baha holds a stake in Al Baha Private College Co., estimated at SAR 18 million.
The company is seeking compensation of SAR 100 million, in addition to attorney fees, and it will provide further updates as necessary.
Logo ofSaudi Darb Investment Co.
Saudi Darb Investment Co. (formerly Al-Baha Investment) received preliminary rulings in its favor from the Committee for the Resolution of Securities Disputes (CRSD), ordering former board members, jointly liable, to pay around SAR 68.7 million.
In a statement to Tadawul, the company said the ruling also includes SAR 500,000 in legal fees, while other claims were dismissed.
The ruling is preliminary and subject to appeal within 30 days of receipt, while the financial impact will be disclosed once the ruling becomes final, the statement added.
According to Argaam data, the company announced in May 2025 that it had filed a complaint with the Capital Market Authority (CMA) against former board members who served between February 10, 2010, and February 9, 2013.
At the time, it said the former board had signed a contract to sell company assets under which the company acquired a crusher, a cement concrete project, and a hollow core project from Al-Sateaa Modern Contracting Co. for SAR 86 million.
The company paid SAR 10 million in cash, while the remainder will be paid in kind as a waiver of Al Baha’s entire assets. Al Baha will pay 50% of the land price of the Al Murooj project in Taif. The land spans an area of 114,000 square meters.
The assets also include a 993,000-square-meter land plot located west of the western corner of Al Aqiq Governorate Airport, where a poultry project with all its facilities and fixed and movable assets is located.
Moreover, Al Baha holds a stake in Al Baha Private College Co., estimated at SAR 18 million.
The company is seeking compensation of SAR 100 million, in addition to attorney fees, and it will provide further updates as necessary.
