Disclosure of Lawsuit


Reference to the Capital Markets Authority's Regulations concerning Disclosure of Substantial Information prescribed at Chapter 4, Book (10), Article 4-1-1/ 14, and subsequent to our previously-sent letter on 12/06/2017, please find attached form No. (8) Concerning lawsuits and judicial verdicts.

Annex No. (8)
Disclosure of Lawsuits and Judicial Verdicts Form

Date: 23/10/2017


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   23/10/2017.  However, in anticipation for Experts Department’s report, the court decided to adjourn the case to 08/01/2018 session.  

Competent Court: Sales Court (Preliminary Judgement)


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

Impact of the Substantial Information on the Company’s Financial Position: None.