The case No. 7165/2021 / 8
In compliance with the directives of the esteemed Capital Markets Authority regarding the disclosure of material information under the Tenth Book on Disclosure and Transparency of the Executive Regulations of Law No. (7) of the year (2010), the Court of Cassation / Advisory Chamber - Commercial Division 03 ruled in favor of the Combined Group Company against the Kuwait Oil Company (first instance ruling) by obligating the Kuwait Oil Company to pay the amount of 4,364,429.864 K.D. (four million, three hundred and sixty-four thousand, four hundred and twenty-nine dinars and 864 fils) to the Combined Group Company, along with the costs and the amount of two hundred dinars for legal fees. As for the ruling on the appeal, the court decided to amend the appealed ruling to the amount of 1,595,425.259 K.D. (one million, five hundred and ninety-five thousand, four hundred and twenty-five dinars and 259 fils only) with statutory interest at the rate of 7% per annum from the date of 10/08/2017 until full payment. You can find the full disclosure along with attachments on the Kuwait Stock Exchange website
Attachments on the Boursa website
https://www.boursakuwait.com.kw/ar/news/view#92292
