Riyadh – Mubasher: Keir International Company unveiled an update regarding material legal liabilities disclosed in its annual financial statements for the fiscal year ended on 31 December 2025.
The company confirmed that the total value of material legal cases filed against it has reached approximately SAR 19 million, according to a bourse disclosure.
Out of the total claims amount, a final judgment has been issued for a sum of SAR 9.30 million.
Keir International stated that these disputes, which relate to completion rates, contractual claims, and achievement certificates, represent standard operational risks within the contracting sector.
In response to these liabilities, the listed company recorded the necessary accounting provisions in accordance with International Financial Reporting Standards and the assessments of its legal advisors.
Management is currently taking all required legal measures to protect the company's position, including filing appeals or objections against judgments where legal grounds exist.
The company further emphasized that it is managing these obligations as part of its broader financial plan to ensure transparency and the protection of shareholder interests.
Recently, Keir International announced the results of its held extraordinary general meeting (EGM).
