Dammam-Agencies
The Court of Appeals in Dammam has ruled to refund the capital of ten shareholders in the troubled shareholding of businessman Juma Al-Juma'a, and the judicial ruling is applicable to the rest of the estimated nine thousand shareholders, some of whom are still inside the corridors of the judiciary.

Meshal al-Sharif, the shareholders' lawyer, explained that the court ruling includes all shareholders who applied for capital, while they will then file a separate lawsuit to demand Juma's profits. He added that the court opened the door to receive the cases of other shareholders individually, and the first case was heard several months ago with this new approach, stressing that the Court of Appeal's ruling will be a reference for the rest of the individual cases.
He pointed out that the ruling is final and definitive, and therefore neither the plaintiff nor the defendant has the right to object, indicating that many shareholders will now turn to filing an individual lawsuit for each shareholder separately, since the judge cannot rule for a shareholder who has not filed a formal lawsuit with the courts.

He stated that, Juma Al-Juma had previously collected the signatures of thousands of shareholders on a declaration stating that the shareholders accept the actions of Al-Juma and his investments, so if a collective judgment is issued to the shareholders without them filing a lawsuit, Juma will challenge it with the declarations taken from them without taking precautions.