Equipment House subsidiary receives favorable ruling, NUPCO ordered to pay SAR 61.2M
Scientific and Medical Equipment House Co. (Equipment House) stated that Riyadh Commercial Court affirmed the initial ruling issued in the lawsuit filed by its wholly-owned subsidiary, Protecta Visions Co. against National Unified Procurement Co. (NUPCO).
In a filing to Tadawul, the court ordered NUPCO to pay SAR 60.57 million, as well as SAR 135,000 for expert fees, and SAR 500,000 for attorney's fees.
The judgment was pronounced today, Feb. 25, and the company is awaiting the issuance of the judgement decree for execution.
There is no change in the event-related costs, the company said, adding that there are no current costs associated with the event.
In November 2024, Equipment House said the final enforceable appeal judgment issued in favor of Protecta Visions in the lawsuit against NUPCO was overturned, according to Argaam data.
In October 2023, Equipment House obtained a certified and executed copy of the ruling issued by the Appellate Circuit of Riyadh Commercial Court in favor of Protecta Vision in the lawsuit against NUPCO.
NUPCO was ordered to pay SAR 60.6 million to Protecta Visions, in addition to SAR 135,000 as expert fees and SAR 500,000 as legal fees.
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