With reference to the abovementioned subject, and the CMA regulations issued on November 9, 2015, module ten”disclosure and transparency” on the disclosure of material information. Kindly be informed that the verdict has been issued in case # 61/2016 Commercial Appeal – Market Authority, appealing the verdict #27/2015 Commercial-Civil Market Authority Governance /6 raised by one of the Stakeholders against NIC.

The first-degree verdict obliged NIC to pay around KD 1.1 Million as compensation plus legal expenses of KD 500; however, the Appeal Verdict was issued by cancelling the 1st degree verdict above.

NIC has taken full provision on such amount & will be recorded as profits in the 3rd quarter of 2017 according to financial standards.