Mawarid Manpower Company announces that it has filed a lawsuit in the Commercial Court against Quick Services Company for Electronic -Marketing.
| Element List | Explanation |
|---|---|
| Introduction | Mawarid Manpower Company announces the filing of a lawsuit in the Commercial Court in Riyadh to claim the amounts owed to Mawarid Manpower Company from Quick Services Company for Electronic -Marketing amounting to SAR 31,969,864, Saudi riyal in accordance with the agreements signed between them. |
| Lawsuit Opponent | Quick Services Company for Electronic -Marketing |
| Name of the Plaintiff | Mawarid Manpower Company |
| Type of the Lawsuit | Commercial lawsuit |
| Name and Location of the Competent Judicial Authority | Commercial Court in Riyadh |
| Date of Submitting the Lawsuit | 2025-08-26 Corresponding to 1447-03-03 |
| Summery of the Lawsuit and its Reasons | The company "Al Mawarid Manpower company" filed a lawsuit claiming an amount of 31,969,864 Saudi Riyals for unpaid dues. |
| Expected Financial Impact Including the Claimed Sums, Fees and any other Charges | The company does not expect a material adverse financial impact on its future operating results, as provisions for the debt were made in previous years.
If the company succeeds in the case and collects the debt, there will be a positive financial impact on the company's results. Any developments related to this case will be announced later. |
| Any Substantial Legal, Regulatory, or Operational Risks that may Result from the Lawsuit, including the Results of such Impact on the Company's Financial, Legal or Operational Standing | There are currently no such consequences, and any future consequences will be announced. |
| Measures Taken by the Company, including the Estimation of the Potential Liability Resulting from the Lawsuit | Based on the available documents, the company has obtained legal advice on the merits of the claim. The company has also notified all parties in the case of its intention to pursue legal action through several letters addressed to them, to which the company has not yet received a response. The company does not expect to bear any liability as a result of filing the lawsuit. |
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