Logo of Saudi Darb Investment Co.
Saudi Darb Investment Co.received today, June 4, a notice from its legal counsel, Ahmed Al-Huqail, Abdulilah Al-Shuhail, and Saad Al-Khanfari of Ahmed Othman Al Hogail Partners Law Firm and Legal Consultations, stating that the defendants, who are former board members, have filed an appeal with the Committee for the Resolution of Securities Disputes regarding the case. 
In a statement to Tadawul, the company said it will disclose any material developments in due course.
Saudi Darb announced in April that it had secured preliminary rulings in its favor from the Committee for the Resolution of Securities Disputes (CRSD), requiring former board members, jointly and severally, to pay nearly SAR 68.7 million, according to Argaam’sdata.
The company had previously announced in May 2025 that it filed a complaint with the Capital Market Authority (CMA) against former board members who served during the term from Feb. 10, 2010, to Feb. 9, 2013.
At the time, it said the former board members had signed an agreement to sell assets of Al Baha Investment and Development Co., under which a crusher plant, a ready-mix concrete project and a hollow-core project were acquired from Al Sateaa Modern Construction Co. for SAR 86 million.
Logo of Saudi Darb Investment Co.
Saudi Darb Investment Co.received today, June 4, a notice from its legal counsel, Ahmed Al-Huqail, Abdulilah Al-Shuhail, and Saad Al-Khanfari of Ahmed Othman Al Hogail Partners Law Firm and Legal Consultations, stating that the defendants, who are former board members, have filed an appeal with the Committee for the Resolution of Securities Disputes regarding the case.
In a statement to Tadawul, the company said it will disclose any material developments in due course.
Saudi Darb announced in April that it had secured preliminary rulings in its favor from the Committee for the Resolution of Securities Disputes (CRSD), requiring former board members, jointly and severally, to pay nearly SAR 68.7 million, according to Argaam’sdata.
The company had previously announced in May 2025 that it filed a complaint with the Capital Market Authority (CMA) against former board members who served during the term from Feb. 10, 2010, to Feb. 9, 2013.
At the time, it said the former board members had signed an agreement to sell assets of Al Baha Investment and Development Co., under which a crusher plant, a ready-mix concrete project and a hollow-core project were acquired from Al Sateaa Modern Construction Co. for SAR 86 million.
