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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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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"ill iii -�11
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·
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-
judgment in which it had
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pronounced the rejection of the
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yearly legal interest of 7% and
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to obligate the first and second
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Appellee's severally to pay to
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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
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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.
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National Investments Company KSCC published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 14:41:03 UTC.
National Investments Co KSCP, also known as NIC, is a Kuwait-based company engaged in investment and asset management activities. The Company is organized, along with its subsidiaries, into seven business segments, including Assets & Portfolio Management, focused on discretionary, non-discretionary and custodial accounts to institutional and high net worth investors; Real Estate, concentrated oninvesting in both the local, regional and international real estate markets; Corporate Finance, which is engaged in assisting in identifying appropriate buyers, sellers or acquisition targets and advise clients to the strategic fit of potential transaction partners; Private Equity, related to investments; Treasury, which works with investment advice; Research, connected with assed management, as well as NICe360, engaged in the technologies in electronic trading systems.