Al Jouf Cement: Dammam Court Approves SAR 50.6 Million Debt Claim against Eastern Industrial

Al Jouf Cement Co. announced on Sunday that it received a notification from the bankruptcy trustee of the Eastern Industrial Company that the First Commercial Circuit of the Commercial Court in Dammam has issued ruling No. (452001285), approving the list of claims. The court has confirmed the final recommendation by the trustee to validate SAR 50.65 million as a debt owed to Al Jouf Cement by Eastern Industrial. The amount was paid by Al Jouf Cement as a guarantee for part of Eastern Industrial’s loans from Bank Al Jazira and the Saudi Industrial Development Fund.

This comes in reference to the Company’s announcement published on the Tadawul website on July 16, 2024.