With reference to the abovementioned subject, and the CMA regulations issued on November 9, 2015, book number ten”disclosure and transparency” on the disclosure of material information. Kindly be informed that the verdict has been issued in case # 90/2015 Commercial Appeal CMA/1 raised by one of the stakeholders against NIC.
The verdict was: accepting the appeal in form and cancelation of the appealed verdict with obligation of Payment of USD 2 Million or equ. in KD in favor of the person appealing plus KD 2 thousand as lawyer expenses.
The financial impact cannot be determined unless we finalize all legal methods including suspension. Another disclosure will be followed in case of any updates.