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09/03/2013 16:14 AST
Al-Ahsa Development Company Announces the filing of lawsuit against Emaar AlDra Al Arabi Co. for the delay in the transfer the ownership of lands in favor of Al-Ahsa Development Company; the case was issued by the companys lawyer M/s Al-Saif & Al-Tuwaijry Law Firm, Riyadh.
Lawsuit requested to force the defendant to transfer the ownership of two lands, both located at Sheikh Jaber Road, Al Maizalah Area, Riyadh. It should have been transferred to Al-Ahsa Development Company under exit contract with Emaar AlDra Al Arabi Co. since 01/12/2008 G. Since that date, company continuously communicating and obtained written promises frequently to transfer both lands to Al-Ahsa Development Co., but until this date without any reasons underlying the non-transferring.
The area of these lands are around 8,373 square meters with a book value was SAR. 27.13 million as in year 2008. The company believes and its lawyer share opinion that there would be no financial impact on the company, and has taken this action to protect the equity of shareholders.
Tadawul
26/12/2013
Eastern Province Gov. Prince Saud bin Naif Wednesday opened Al-Ahsa Investment Forum 2013 at the local InterContinental Hotel.
Among those attending the ceremony were Prince Bader bin Moham
Arab News
25/12/2013
Al-Ahsa Chamber of Commerce and Industry and Saudi Aramco are organizing the 2013 edition of Al-Ahsa Investment Forum.
Eastern Province Gov. Prince Saud bin Naif Al-Saud, Prince Badr bin Mu
Arab News
07/11/2013
Al Ahsa Development Company announces the signing of a reconciliation agreement with Emaar Arabian Shield; in reference to the previous announcement dated 09/03/2013 on filing of lawsuit against the
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| AME | 138.00 | -1.60 (-1.15 |
| NABAALSAHA | 64.85 | -0.15 (-0.24 |
| TIBBIYAH | 34.00 | 0.00 (0.00 |
| PROMEDEX | 86.65 | 0.00 (0.00 |
| MIRAL | 120.00 | 5.90 (5.17 |
21/07/2025
Acwa Power has signed key project agreements with the Government of Senegal for the Grande-Côte seawater desalination project.
The project, powered by renewable energy, is set to secure up
Trade Arabia
21/07/2025
Leading UAE business conglomerate Al Futtaim today (July 20) announced that it has agreed to buy a major stake in Cenomi Retail, Saudi Arabia's leading retail brand partner, in a deal worth SAR2.5 bi
Trade Arabia
21/07/2025
As part of its ongoing commitment to community development and promoting financial literacy among younger generations, Gulf Bank has collaborated with Basta, a non-profit organization, to launch the
Kuwait Times
21/07/2025
Sharjah budget carrier Air Arabia has announced that its consortium comprising Saudi entities Nesma Group and KUN Holding has won approval from the General Authority of Civil Aviation (GACA) for the
Trade Arabia
21/07/2025
QNB Group announced the successful completion of a bond issuance under its Medium Term Note Programme in the international capital markets.
Under this programme, a five year, $1bn tranche w
The Peninsula
Financial Information Co.
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