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Enforcement Court stops Batic subsidiary ruling
Al Maabar for Investment and Logistics announced that an administrative enforcement court has issued a decision to suspend the execution of a ruling against its subsidiary, Smart Cities Solutions for Communications and Information Technology, amounting to 42.21 million riyals, including tax, in a case related to the Qassim Municipality. The suspension decision was made based on an appeal filed with the Supreme Court aimed at overturning the enforcement document, in accordance with the Executive Regulations of the Enforcement System, which halts the enforcement until the appeal is resolved. Currently, there are no financial impacts or additional costs resulting from this decision, and any future developments will be announced.
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