Al-Etihad Cooperative Insurance Co. Announces an update on AL ETIHAD Cooperative Insurance announces the latest developments on the dispute filed by the company against Saudi Venture Capital Investment company

Al-Etihad Cooperative Insurance Co. Announces an update on AL ETIHAD Cooperative Insurance announces the latest developments on the dispute filed by the company against Saudi Venture Capital Investment company

Element List

Explanation

Introduction

With reference to the Company's announcement published on (Tadawul) website on 20-05-1445 Corresponding to 04-12-2023 regarding receiving a notification of Bahrain Chamber for Dispute Resolution for the case against Saudi Venture Capital Investment Company and others. We hereby announce that on 25/06/1445 corresponding to 07/01/2024 the company has appealed against the resolution of Bahrain Chamber for Dispute Resolution for the case referred to above, to the Court of Cassation in the Kingdome of Bahrain.

Previous Announcement

AL ETIHAD Cooperative Insurance announces the latest developments on the dispute filed by the company against Saudi Venture Capital Investment company

Date of Previous Announcement on Saudi Exchange’s Website

2023-12-04 Corresponding to 1445-05-20

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Not applicable

The costs associated with the event, and if they have changed or not with indication of the reasons.

Appeal fees of BD 152, in addition to submitting an appeal guarantee amounted to BD 68,060.

Additional Information

The company will announce any developments related to the case in