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 disclosure on 24/10/2017, please find attached form No. (8) concerning lawsuits and judicial verdicts.

 

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

 

Date: 08/01/2018

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   08/01/2018.  However, in anticipation for Experts Department’s report, the court decided to adjourn the case to 12/03/2018 session.

Competent Court: Sales Court (Preliminary Judgment)

Litigants: A KIB Customer

Court Verdict Issued in favor of: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict of First Degree Court: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict of Court Appeal: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

Verdict of Court of Cassation: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

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