Date

17/09/2017

Name of listed company

National Investments Company

Case no.

1872/2015 Final Commercial Court /4

Subject of dispute

An appeal against verdict obliging the company to pay 810,621.570 KD

Date of verdict

13/09/2017

Court that issued verdict

Final Commercial Court /4

Disputing parties

NIC and one of the company’s clients

Verdict in favor of

Adversary

Initial ruling

Dismiss the case for premature filing

Appeal ruling

Repeal the initial ruling and oblige the company to pay 810,621.570 KD

Final ruling

Dismiss the appeal in the court in chambers

Financial impact expected from verdict

There is no financial impact given the company already set a full provision for the payment.