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![Page 1: Kuwait Finance House - s3-eu-west-1.amazonaws.com€¦ · Dale: 03 Apdl 2019 7 2019 03 ?stall 27 Rajah 1440 a 1440 27 7.231,11 Ref: 10/101 0161-1 /2019 2019/ 01 EL/ 00110 2222211](https://reader036.vdocument.in/reader036/viewer/2022070721/5ee2a8f2ad6a402d666cff11/html5/thumbnails/1.jpg)
SAy1/4ths1.14,ythAthall Gi cup Chief ExeCutthe Officer
.1114.9.6J11,93211[4! Kuwait Finance House
Dale: 03 Apdl 2019 7 2019 03 ?stall
27 Rajah 1440 a 1440 27 7.231,11
Ref: 10/101 0161-1 /2019 2019/ 01 EL/ 00110 2222211
To: CEO- Bourse Kuwait
Peace, Mercy and Blessings of Allah be upon you
Subject: Disclosure of Lawsuits and Court Judgments
Court Judgement
In reference to the above, and in line WI] Kuwait Finance
HousaFK compliance with Arlicle 4-1-1/14 'Disclosure of
Lawsuits and Court Judgments of Chapter 4 Disclosure of
Material Information' of CMA Executive Bylaws Book 10
'Disclosure and Transparency, KFH would like to report the
following:
The First Instance Court ruled to exonerate the
(Plaintiff: Gulf Investment House) from any
Indebtedness to the (First Defendant: KR!) in
connection to the signed Credit Limit Agreements
between them, which have been asserted In Execution
File No. 172507830 (Execution Department • Palace of Justice), where KFH (The Bank) has suirogated all the
rights resulting from the Credit Limit Agreements to a
third party during the Court proceedings. Accordingly,
there is no financial impact on KFH (The Bank).
Attached is Appendix (8) 'Disclosure of Lawsuits and Court
Judgments' for your reference. A copy of the same has been submitted to CMA.
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Best Regards,
Kazin $ Al Nahedh
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KUWAIT FINkNCE HOUSE.12-SCP I State of 1132220 fiesd0.021222
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3 April 2019 2019 j.ffel 3
Kuwait Finance House (KFH) (olsth juj.CK Jaya c.)4)
Appendix (8)
Disclosure Farm of Lawsuits and Court Judgments
(a) OJ elfwells 64.4.0 ffss 1.a4t 3J
Court Judgement 4,1L.A4 fax.
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26 March 2019 Court of First instance
The Conduding Judgement of•The Court &Appeal JELL:it eSA diaaer
-11he concluding Judgement of The Couitof Cessation 31.P.J1 adises
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I of. cilwadln k....gu Disclosure Form of Lawsuits and Court Judgments
7019 dasi 3 3 April 2019
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2017/11476 .1247
Kuwait Finance House (KFH)
12475,12476 12017
Case Subject iiv---74J1 'egged.
41 aS a Assign expert to calculate the Plaintiffs indebted
Judgment Date Court issued the Judgment 411
aeS.ot 2019 Jul. 26
Case Parties
Plaintiff Defendant mtv J-41 Jr:11
KFH Leadti ASA Gulf investment House
Judgment is in favour of :deal iSAJI
Gulf in meet Hous
rs-,11 4 sia uLt. ts.0sinn The Potential Effect of The Judgement on The Company
The court court ruled to exonerate the Plaintiff Company
from any debt In favor of the First Defendant in
connection to credit limit agreements signed between
them, that asserted in the Execution File No.172607830
(Execution Department - Palace of Justice), with an
obligation against the first defendant of the fees and
KO 10 for lawyer fees.
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There is no financial impact on KFH (The Bank) as
the Bank has subrogated all the rights resulting
from the credit limit agreements to a third party
during the Court proceedings. This was proven by
the claim expert in his report which the court
considered in its ruling.
KFH will assess the reasons of the ruling (once the
ruling is received) to asses appealing it based on
the reasons.
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Date
Listed Company
Case No
Ill e Concludin JudgementtiltThe Court of First Instance