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Saudi Committee Rejects Appeal Against Saudi Darb Investment's SAR69 Million Compensation Award

MT Newswires·07/20/2026 04:25:52
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04:25 AM EDT, 07/20/2026 (MT Newswires) -- An Appeals Committee in Saudi Arabia upheld the compensation granted to Saudi Darb Investment (SASE:4130) by the Capital Market Authority's Committee for the Resolution of Securities Disputes in relation to its case against its former directors. The real estate-focused company said Monday the committee rejected the defendants' appeal and ordered all competent government authorities and agencies to enforce the 68.7 million Saudi-riyal payment, plus legal fees. In July 2025, Saudi Darb Investment sought an overall compensation of 100 million riyals from its former directors, who served between February 2010 and February 2013.