WIDAD

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OTHERS WIDAD GROUP BERHAD ("WIDAD" or the "COMPANY") RE: KUALA LUMPUR HIGH COURT SUIT NO. WA-24C-149-09/2025)

WIDAD GROUP BERHAD

Type Announcement
Subject OTHERS
Description
WIDAD GROUP BERHAD ("WIDAD" or the "COMPANY")
RE: KUALA LUMPUR HIGH COURT SUIT NO. WA-24C-149-09/2025)

The Company wishes to announce that Widad Builders Sdn. Bhd., a wholly-owned subsidiary of the Company, (“the Respondent”) had on 17 September 2025 been served with a Sealed Originating Summons dated 10 September 2025 and Affidavit In Support dated 10 September 2025 from Messrs Kheng Hoe & Lee Yuen, the solicitor acting for Hikmat Duta Sdn. Bhd. (“the Applicant”). The case management has been fixed on 19 September 2025 at 9.00 a.m.

 

The Respondent is required to pay:

 

a) The Adjudicated Sum of RM2,794,942.78;

b) Interest at the rate of 5% per annum on the adjudicated sum, calculated from each of the following claims dates until full payment of the said sum: -

Claim Date Amount (RM)
Claim No. 1 23.7.2024 424,493.18
Claim No. 2 15.9.2024 416,196.62
Claim No. 3 24.11.2024 381,483.91
Claim No. 4 24.11.2024 1,289,432.17
Claim No. 5 24.12.2024 284,336.90

 

c) Solicitors' costs in the sum of RM60,000.00;

d) Registration fee of the Adjudication Proceedings in the sum of RM270.00;

e) Appointment fee of the Adjudicator in the sum of RM432.00; and

f) Adjudicator's costs and expenses deposit together with AIAC's administration costs in the sum of RM50,920.73.

 

The Company will response accordingly.

 

This announcement is dated 18 September 2025.






Announcement Info

Company Name WIDAD GROUP BERHAD
Stock Name WIDAD
Date Announced 18 Sep 2025
Category General Announcement for PLC
Reference Number GA1-18092025-00071