GACO files lawsuit against Ministry of Agriculture to claim land in Qassim

GACO files lawsuit against Ministry of Agriculture to claim land in Qassim

GACO files lawsuit against Ministry of Agriculture to claim land in Qassim

GACO files lawsuit against Ministry of Agriculture to claim land in Qassim

Above, a Saudi shepherd walks behind her sheep at Qassim desert, north of the Saudi Arabian capital Riyadh. (AFP file photo)

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GACO files lawsuit against Ministry of Agriculture to claim land in Qassim

The company expects no liability from filing the administrative lawsuit

Updated 15 December 2020

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Al Gassim Investment Holding Co. (GACO) filed a lawsuit on Nov. 16 against a branch of Ministry of Environment, Water and Agriculture in Qassim Province, before the Administrative Court in Buraydah.

The company is seeking to rescind the ministry's abstention from referring its request to King Salman for ownership of the full area of land that was cultivated by the company, according to a bourse filing.

The company expects no liability from filing the administrative lawsuit. It will announce later the expected financial impact, noting that it has received legal advice on its right for filing the claim for the remaining cultivated land.

A royal decree was issued in June approving the company's ownership of 74 million square meters (sqm) of land handed over to it in Sheri, Qassim, according to data available with Argaam.

In February