The Court of Appeal orders “Rasmal Holding” to pay KWD 3.7 million to “KFH”

تم النشر على Boursa Kuwait في 21 سبتمبر 2022
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In a disclosure issued to Boursa Kuwait, Mena Real Estate Company K.S.C.P announced that a verdict was issued by the Court of Appeal against its subsidiary; Rasmal Holding Company. The verdict orders the subsidiary to pay the plaintiff KWD 3,700,821.740, plus KWD 100 in expenses. This was the same verdict issued by the Court of First Instance, then the Court of Appeal modified the verdict and ordered the company to pay KWD 3,700,565.611, plus KWD 200 in actual legal fees. As for the expected impact of this verdict, "MENA” stated in its disclosure that it may not be determined at the moment, as it plans to file a motion of appeal with the Court of Cassation.  

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