Reference to Capital Market Authority’s regulations concerning disclosure of the material information specified at Article 4-1-1/ 14 of Chapter Four (Book 10) and reference to our former disclosure published on 13/03/2018, please find attached form No. (8) concerning lawsuits and judicial verdicts.

 

 

Date: 14.05.2018

Listed company: Kuwait International Bank

Lawsuit No.: 106/2012 Sales/1

Date of Court  Verdict: The lawsuit is scheduled to be heard on today’s session on 14/05/2018. However, in anticipation for Experts Department’s report, the court decided to adjourn the case to 3/09/2018 session..

 

Competent Court: Sales Court (preliminary verdict)

Litigants: A KIB customer

Court verdict issued in favor of: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict  of First Degree Court: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict  of Court of Appeal: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict of Court of Cassation: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Expected Impact of the court verdict on the Company: None.