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

Date: 10/11/2016
 

Listed Company: Kuwait International Bank.

 

Lawsuit No.: 106/2016 Sales/1.

 

Subject matter of the Lawsuit: Sale of seized real estates by public auction to settle the indebtedness.
 

Date of Court  Verdict: The discontinued proceedings has been hastened. To be heard in the session dated 5/12/2016.
 

Competent Court: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Litigants: A KIB-customer.

 

Court verdict issued in favor of: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict  of First Degree Court: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict  of the Court of Appeal: ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Verdict of Court of Cassation: ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ

 

Impact of the Substantial Information on the Company’s: No impact.