| Type: | Judgment |
|---|---|
| Judgment number: | 142812610 |
| Date: | 1437-04-07 |
| Source: | Commercial Court |
| Summary: | By AI Case number 1482812610 pertains to a lawsuit filed by an investor against the President of the Board of Directors of a company and its Chief Executive Officer, where the Plaintiff alleges financial violations involving an insider transaction with the brother of the President of the Board, which resulted in the transfer of 150 million Riyals for his benefit. The Court ruled that it lacked jurisdiction and deemed the lawsuit to be frivolous, imposing a fine of 300,000 Riyals on the Plaintiff.
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