Date: 20/12/2023
Ref: 142/BK/CAD/2023
Boursa Kuwait Company
Kuwait
Subject: Supplementary Disclosure of Lawsuits & Court Judgment
In reference to the above subject, please find attached disclosure form of lawsuits & court judgment in accordance with Book Ten (Disclosure and Transparency) of the Executive bylaws of Law No. (7) of 2010 regarding the establishment of the capital markets authority and regulating securities activities and their amendments.
Sincerely,
Khalid Abdullah Al-Saeed
Executive Vice President
Financial Investment Department
Disclosure of the lawsuits & Court Judgment
Date
Name of the listed Company
Case Automated No. - Lawsuit No.
Case Subject Matter
20/12/2023
ALIMTIAZ INVESTMENT GROUP COMPANY
Notification to Appoint an Arbitrator in the State of Qatar.
A notification was received by a representative of Aayan Gulf Company to appoint an arbitrator so that the arbitration will be held in the State of Qatar and requesting the payment of an amount of 140,143,331.64 Kuwaiti dinars for mediation works.
Judgment Date
The Court that Issue the Judgment - Circuit
Parties of the Case
The Judgment is in Favor of
The Concluding Judgement of the Court of First Instance
The Concluding Judgement
of the Court of Appeal
The Concluding Judgement
of the Court of Cassation
N/A
N/A
- Alimtiaz Investment Group (Defendant),
- Aayan Gulf Company (Petitioner)
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-
-
-
The Potential Effect of the Judgement on the Company
The financial impact cannot be determined until after the arbitration award is issued and implemented. It is worth mentioning that the subject of the arbitration relates to cases pending in Kuwait before the courts and the Public Prosecution
Khalid Abdullah Al-Saeed
Executive Vice President
Financial Investment Department
Attachments
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Disclaimer
Alimtiaz Investment Group Co. KSCP published this content on 20 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2023 11:13:34 UTC.