Date: 05/01/2022
Ref: 2022/CAD/KSE/001
Boursa Kuwait Company
Subject: Supplementary Disclosure of Lawsuits & Court Judgment
With reference to the above subject, and the requirements of fourth chapter of Module Ten (Disclosure and Transparency) of the Executive bylaws of Law No 7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities activities and their amendments, find enclosed the Disclosure Form of Material Information.
Sincerely,
Nawaf H Marafi
Group Chief Executive Officer
Board Member
Supplementary Disclosure of Lawsuits & Court Judgment
Date | 05/01/2022 | ||
Name of the listed | ALIMTIAZ INVESTMENT GROUP COMPANY | ||
Company | |||
Supplementary Disclosure - Judgment rejecting the withholding of the | |||
Disclosure title | enforceability of the Appeal Judgment No. 1040/2021 (appeal | ||
Farwaniya) dated 26/10/2021 | |||
Date of Previous | 26/10/2021 | ||
Disclosure | |||
(On the petition to withhold enforceability of the judgment of the Court of | |||
Appeal No. 1040/2021 issued on 26/10/2021) | |||
On 5/1/2022 the judgment of Court of First Instance - Urgent Circuit/7 | |||
was issued in the case No. 4112/2021 | |||
filed by the petitioner: Ali Ahmed Zubaid | |||
against: Alimtiaz Investment Group Company | |||
The court ruled by accepting the petition on a form basis, and on | |||
the subject by rejecting it, continuing to implement the judgment in | |||
question, confiscating the bail, and fining the petitioner an amount | |||
of one hundred dinars and obligating him to expenses, and an | |||
amount of one hundred dinars in return for the actual attorney's | |||
Developments that | fees. | ||
occurred to the | The above ruling affects the continuation of the implementation of the | ||
disclosure | |||
Court of Appeal judgment No. 1040/2021 issued on 26/10/2021 | |||
The court's concluding judgment was: | |||
"First: to accept the original appeals in form, and on the subject of | |||
appeals Nos. 1381, 1543, 1545, 1648, 4123 / 2021 Civil/8 rejecting them | |||
and obligated each appellant to pay the costs of his appeal and 100 | |||
dinars for actual attorney fees. | |||
Second: By overruling the appealed judgment and ordered again to | |||
obligate the appellees jointly to pay to the appellant an amount of | |||
11,925,059,464 KD (eleven million nine hundred and twenty-five | |||
thousand and fifty-nine Kuwaiti dinars and 464 fils) and obligated them to | |||
pay the appellant an amount of one thousand Kuwaiti dinars in return for | |||
actual attorney fees. | |||
Third: Not accepting the two subsidiary appeals with obligating the | |
subsidiary appellant to pay their expenses and an amount of 20 dinars in | |
return for attorney fees for each appeal." | |
The effect of the | |
material information | It is not possible to determine the financial impact at the present time |
on the financial | except after the execution of the judgment of the Court of Appeal No. |
position of the | 1040/2021 issued on 26/10/2021 |
Company | |
Nawaf H Marafi
Group Chief Executive Officer
Board Member
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Alimtiaz Investment Group Co. KSCP published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 13:17:01 UTC.