News 24 | A court in Jeddah obliges a famous bank to return 2.6 million riyals to a female citizen due to construction defects in a building

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Jeddah CourtThe Court of Appeal in Jeddah has issued a final ruling, in the lawsuit filed by a citizen against a famous bank, regarding a villa that she bought for the purpose of rent-to-own.

The citizen, according to Al-Madina, had purchased the villa through the bank, and paid one million riyals as a down payment, to pay 600,000 riyals every year for two years, but then discovered that the villa was on the verge of collapse due to construction and finishing defects.

The citizen woman contacted the bank to solve her problem, but her attempt did not lead to a decisive result, so she resorted to the general court in the governorate, which ruled that the property be returned to the bank’s possession, and obligated it to pay an amount of 2.6 million riyals for the value of the property to the female citizen.

The ruling also stipulated calculating the two-year period as rent, and obliging the female citizen to pay its value to the bank by deducting it from the total amount paid for the property, while the Court of Appeal in Jeddah Governorate approved the ruling and it acquired a final status.

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