National Investments K S C P : Judicial Decision Disclosure

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	NIC - 3-251103110054	I

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NATIONAL INVESTMENTS COMPANY?

Date:	0 7 DEC 2022
To: Boursa Kuwait Company	�_Jill 6.J..9:1 �y!, /ojt...JI
Dear Sirs,
"'�J � �
	Subject: Disclosure of Lawsuits and Court
		Judgments
With reference to the provisions of Chapter (4),
module Ten (Disclosure and Transparency) of the
Executive Bylaw of law No. (7) for year 2010 and
its amendments, enclosed the disclosure form of
lawsuits and court judgments.
Sincerely Yours,

Fahad Abdulrahman Al Mukhaizim - !":!�I c.:,.-)1� �

Board Member and Chief Executive Officer -

f<>_l NATIONAL

I (•I JL,-,.:n_� IN'ESTMEN 8

, •X IS

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CU.".·,>:,:,

CC: Ca1>ital Market Authority

Telephone: (%5) 2226 6666 / 1821112 • Fax [phone] • P.O.llox 25667 Safal 13117 Kuwail-0,Q.!,JI 13117 6l• (965) 2243 1610,uu.!,l.6 • (965) 2226 6666 / 1821112 ,(Jcµ4li

Email Address: [e-mail]: -.,Jq)l'.>JJ .l.JJ.! - 1! b 79.786,210/300 lilifQ.6.>.o.llJL<>JIUJJIJ- (310)ro.J)JO.UJJ

11 nickuwait C nic_kuwait @) nic.kuwait � U:, National Investments Company

Disclosure of Disclosure of Lawsuits and Court Judgments

Date

Name of the Listed Company

Case automated no.

• Lawsuit no

Case subject matter

.Judgment date

Thl' court that issued the judgml·nt - circuit

Parties of the case

The .Judgment is in favour of

The Concluding

.Judgement of the Court of First Instance

The Concluding

.Judgeml'llt of the Court of Appl•al

National Investments Company

K.S.C.P

163452120

163452120

2020/104-103-101-99

2020/104-103-101-99

Delegation ofan expert to

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.

estimate the compensation

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0"":'J"""'"'

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sub·ect ofthe case

05/12/2022

2022/12/05

Commercial Resume Capital

Markets /I

One of the clients against :i.S_y:.

National Investments Company

And others.

One ofthe Company's clients

Court of first instance ruling

:Binding

the

respondent

-

National

investments

Company- and others severally

to pay the claimants an amount

of

KD

2,087,500

(Kuwaiti

Dinars

Two Million

Eighty

Seven Five Hundred) as a final

compensation deducted from

the temporary compensation.

Court

of

Appeal Ruled,

the

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revocation

of

the

appealed

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·

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_

__,;

Y'

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. �

-

judgment in which it had

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pronounced the rejection of the

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u'--14-1:!-! L4:!9

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yearly legal interest of 7% and

%7 �_,;ill

iii_,ill

wl:i....JI :i.Sy.:.li

to obligate the first and second

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Appellee's severally to pay to

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L)-;!,-i.J:!lo

�) �-..)

2,087,500

the

Appellant

Company

the

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legal interest of 7% yearly on

y.:i

� L.

the

amounts

awarded

KO

t,l).:i

0-- d_:,... �y.:i 0--

� ..�I

2,087.500 (Kuwaiti Dinars Two

.i)4-iJIµ1

Million

Eighty

Seven

Five

Hundred)

deducted

from

the

"fi.L.,,l:Lb9--JJ ('•�)L.n..'..D_.J I ,xI ,L_ )---LlJ NATIONAL INVESTML'-!rs COMl'ANn 8

The Concluding ,Judgement of the Court of Cassation

• The potential effrl't of the ,Judgl'rnent on the company

awarded claimed amount of the temporary compensation from the date ofthe final judgment.

• ·

The financial impact has not yet been determined since the company would be appealing to the Court of Cassation for lack ofjurisdiction of the Cow1 and shall be seeking suspension of the ruling. NIC will disclos about any related updates on the s ot.