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 reference to our previous letter sent on 27/03/2017,  please find attached form No. (8) Concerning lawsuits and judicial verdicts.

 

Date: 12/06/2017
 
Listed Company: Kuwait International Bank

Lawsuit No.: 216/2010, 248/2010, and 81/2011 Sales/1
 
Subject Matter of Lawsuit: Sale of seized real estates by public auction to settle the indebtedness.
 
Date of Court Verdict: The lawsuit to be heard on today’s session 12/6/2017. The court decided to adjourn the case to be heard on 23/10/2017 awaiting the Experts Department’s report.

 

Competent Court: Sales Court (  Fist instance verdict )

 

Litigants: A KIB-customer
 
Court verdict issued in favor of: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict of First Degree Court: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict  of the Court of Appeal: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict of Court of Cassation: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ
 
Impact of the Substantial Information on the Company’s: None.