Al Othman Holding Company (Appellant/Claimant) v Al Rajhi Holding WLL (Respondent/Defendant)
Wednesday 15 July 2026
By Appellant’s Notice filed on 10 December 2025 the Appellant, Al Othman Holding Company, appeals a decision of the High Court delivered on 21 November 2025.
The case concerned a claim by Al Othman Holding Company to recover US$5 million under a 2014 Loan Agreement pursuant to which Al Rajhi Holding WLL had agreed to provide an interest-free loan to facilitate the Claimant’s exit from an underperforming investment. The Defendant contended that the agreement had not been properly authorised and that the claim was statute-barred.
The claim was dismissed because it had been brought outside the applicable limitation period. So, while the Loan Agreement was validly authorised, the claim failed as time-barred.
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