“Medad Investment” appeals the rejection of a compensation claim against a company affiliated with “Senaat”
The Advanced Construction Industries Company (Senaat) announced today, Thursday, that it had received a notification from the Second Circuit of the Commercial Court in Dammam, regarding the company’s appeal. "Madad Development and Investment Limited" On the initial ruling issued in favor of a subsidiary company.
Details of the case
A company filed "Madad Development and Investment Limited"On November 13, 2025, a financial compensation lawsuit was filed against the subsidiary (Zamil Air Conditioning and Refrigeration Services Company), a subsidiary of Zamil Air Conditioning Holding Company and a subsidiary of Advanced Building Industries Company, demanding an amount of 376,149,957 riyals in addition to an amount of 37,614,957 riyals for attorney’s fees.
And on November 24, 2025, it announced "Industries" A preliminary ruling was issued by the Second Circuit of the Commercial Court in Dammam, rejecting the lawsuit submitted by a company "outrigger".
Company reported "Industries" The assessment of the company’s strong legal position has not changed. The result is positive and strengthens the group’s legal position, which reflects the strength of its governance framework and legal system.
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