BinDawood Holding says Arab Dalla objects to court verdict dismissing legal claim against subsidiary

BinDawood Holding building

BinDawood Holding Co. said Arab Dalla Co. submitted an appeal against the Commercial Court’s preliminary verdict, which dismissed the legal claim against its subsidiary, Danube Company for Foodstuffs & Commodities, according to a bourse filing.

The case will be heard before the Court of Appeal at 11:40 am on Jan. 12, 2022.

BinDawood Holding will keep shareholders updated on the related developments, the statement added.

In November, BinDawood Holding announced that the Commercial Court of Jeddah dismissed the patent infringement case filed by Arab Dalla against its subsidiary, Danube, Argaam reported.

In August, BinDawood Holding announced that Arab Dalla submitted an appeal against the verdict issued by the Court of First Instance in the lawsuit against its subsidiary for patent infringement.

In March, the company announced the dismissal of the patent infringement case against its subsidiary by Arab Dalla before the Commercial Court of Jeddah during the first hearing.

In February, the company announced that Arab Dalla filed a lawsuit against one of its subsidiaries, Danube, for patent infringement, seeking a compensation of SAR 124.13 million and legal fees of SAR 300,000.