Logo ofBatic Investments and Logistics Co.
Batic Investments and Logistics Co. announced that it was notified by its subsidiary, Smart Cities Telecommunications and Information Technology Solutions Co. (a closed joint-stock company), that it had received a court decision, dated July 26, to suspend the enforcement order and close the enforcement application related to the claim filed by Al-Qassim Region Municipality (Furas Platform) worth SAR 42.21 million, including VAT. 
The claim relates to a municipal real estate investment contract (for the leasing, development, operation, and maintenance of linear, multi-level, and hydraulic smart parking facilities and parking areas in the center of Buraidah), which was terminated by the Al-Qassim Region Municipality during February 2025.
The subsidiary has since filed a petition before the Supreme Court to overturn the ruling and cancel the enforcement instrument.
Logo ofBatic Investments and Logistics Co.
Batic Investments and Logistics Co. announced that it was notified by its subsidiary, Smart Cities Telecommunications and Information Technology Solutions Co. (a closed joint-stock company), that it had received a court decision, dated July 26, to suspend the enforcement order and close the enforcement application related to the claim filed by Al-Qassim Region Municipality (Furas Platform) worth SAR 42.21 million, including VAT.
The claim relates to a municipal real estate investment contract (for the leasing, development, operation, and maintenance of linear, multi-level, and hydraulic smart parking facilities and parking areas in the center of Buraidah), which was terminated by the Al-Qassim Region Municipality during February 2025.
The subsidiary has since filed a petition before the Supreme Court to overturn the ruling and cancel the enforcement instrument.
