The Ministry of Justice has prepared an integrated and comprehensive plan to end all contribution cases, as directives were issued by the Minister of Justice and Chairman of the Supreme Judicial Council Dr. Walid Al-Samaani to quickly end all contribution cases and restore the rights of shareholders, especially the contribution of Hamad Al-Eid and his partner due to its effects on a large number of shareholders, and the Supreme Judicial Council approved the work plan submitted by the judicial department competent to hear the case, the following report highlights how to resolve contribution cases.
The following report sheds light on how contributors" cases are resolved.
Mechanism for restoring shareholders" rights
With regard to the rights of shareholders, a mechanism has been established to consider and implement the Eid contribution to prove the rights of shareholders and return them without the need for shareholders to attend the court as much as possible, taking into account the regulations and instructions in this regard, within the efforts of the Supreme Judicial Council and the Ministry of Justice to restore the rights of all those affected by financial contributions and remove any obstacles that may cause slow procedures in such cases.
The Ministry announced that the competent enforcement department is working on depositing 15% of the shareholders" fixed capital amounts, after the ratification of the arbitration ruling that was submitted to the Eastern Province Court of Appeal during the past few days.She confirmed that the court has proven the capital of the shareholders, who number 7966 shareholders, out of more than ten thousand shareholders, and the court counted the amounts available in the banks of the convicts, which amounted to about 600 million riyals, indicating that the court is currently collecting other amounts from real estate, shares and others, whether inside or abroad, and the court will work through the competent enforcement department to deposit all amounts collected first, without bothering the shareholders to attend and claim.
150 procedural steps
The Ministry of Justice also revealed that the period of consideration of the case from its referral to the General Court in Dammam until the issuance of the judgment by the trial court reached five months, and the number of enforcement decisions and minutes issued reached 74 decisions and minutes, the number of letters 380 letters, and more than 150 procedural steps taken by the court to finalize the case, and the transaction papers amounted to about 30 thousand papers in 77 packages that were all read by the judicial department and their contents noted, and the court scanned the case papers and investigation files.
Oldest contributions
The contribution of Hamad Al-Eid and his partner is one of the oldest stalled contributions. The suffering of the shareholders lasted for nearly 14 years, before the Supreme Judicial Council issued a decision to end the jurisdictional and spatial conflict that occurred previously, and the jurisdiction of the General Court of Dammam to hear the case, the transaction was referred to the General Court of Dammam to hear it, and the Council's decision was issued to assign a new independent judicial department to hear the case and a judge was dedicated to study and hear the case.
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The role of the judiciary at this stage is a substantive role by issuing a judgment in the case by proving the rights of the shareholders because the judgment was not made before it reached the court for the shareholders, then came the role of implementation after the judgment was issued in the case and the judgment gained finality. The role of the judiciary in this stage is a substantive role.
The court faced several challenges during the hearing of the case, including the large number of shareholders and their different residences, the lack of shareholders' ID numbers and complete data, the lack of an inventory of the contribution funds, the persons who disposed of the contribution funds for their benefit and others, so the department developed a plan to address these issues and challenges without cost to the shareholders by opening a special account in the name of the contribution in which the contribution funds were collected.
Innovative plan
The court proceeded with an innovative plan in line with the regulations and taking into account the interest of the shareholders in order to shorten a lot of time, costs and procedures. The court issued a ruling to liquidate the shareholding and obligate the shareholders to deliver each shareholder his share and order those who did not review the shareholders to deposit his share in the House of Money.
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This judgment was issued to all shareholders based on legal reasons without requiring shareholders to attend and only one plaintiff's suit, thus summarizing more than four years of continuous work. This judgment was issued to all shareholders based on legal reasons without requiring shareholders to attend and only one plaintiff's suit.
The court ruled for 7966 shareholders without requiring them to attend, and preserved the rights of the remaining shareholders who did not update their data, and this work saved a great deal of effort for the shareholders and the work environment, as no shareholder was required to bear financial burdens to attend such as travel costs and others, and the ruling was issued by a single judge without assigning other judges who have many other cases that require consideration and decision. The court ruled for 7966 shareholders without requiring them to attend, and preserved the rights of the remaining shareholders who did not update their data.
Stages of implementation
After approving the judgment from the appeal, the judicial department prepared an implementation action plan that was approved by the Supreme Judicial Council through eight stages in which the court made a number of actions and efforts in the interest of the shareholders and the lack of assignment. The stages were represented in the study stage, which lasted thirty-five days, and the implementation decisions and minutes in this stage amounted to 74 decisions and minutes.
The implementation decisions and minutes in this stage amounted to 74 decisions and minutes.
