Kfic Investment Company has reported regarding a case that has been disclosed, where the Court of Appeals has ordered Rasmal Holding Company (the appellee) to pay KFIC BROKERAGE (the appellant/subsidiary) an amount of KWD 6.61 million.
The court ruled on the 18th of this month to reject the motion for reconsideration of the judgment filed by the appellee.
The company clarified that with this ruling, KFIC Brokerage has won the case, and the door for filing a motion has been closed.
However, the path for litigation in front of the Court of Cassation remains open, which is still pending and will determine the commencement of enforcement proceedings.