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The dismissal came as “the plaintiff failed to establish its title over the patent and therefore lacks the capacity to pursue litigation,” BinDawood said in a stock exchange statement on Thursday.
The Tadawul-listed firm is evaluating filing a countersuit against Arab Dallah Company for material and immaterial compensation.
In February 2021, Arab Dalla filed a lawsuit against Danube, claiming compensation of SAR 124.125 million for patent infringement in addition to legal fees of SAR 300,000.
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