kuwait finance house - s3-eu-west-1.amazonaws.com€¦ · dale: 03 apdl 2019 7 2019 03 ?stall 27...

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SAy 1 /4 ths1.14,ythAthall Gi cup Chief ExeCutthe Officer . 1 1 1 4.9. 6 J11 , 9 3211[ 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/ 00 1 10 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. QI aptiff - jdeaill GISI d t 4tJ •1 aaj , rSa. r )( --J te%Litali di j dall t . „.ausi J i L ,L.:14 a=ail ct.,..41) 14/1-1-4 d j ;sal lia 1 0;1th L UA. '1-9-61) t i-848) 8 8 8 8 J. 88 - 8 ( 8 , 8( a a_.th1.11 (fusiLL.thly clusall) WI ,,A301 (th ysyy.11 _4: 1.011 61 9 ...1 isy ri 1 ; ;WI -tap as • - I j j,i L4i Ss• J .1.0 a 4 - t , 44 ' 'F L U) &CAI ‘Ii3V- 4 Cu• Lth40.11y1.4a41 thATAI aLulA 1 0 1 ffiwilAs ilAs ,L1ACLI -iii .!) 172 , 607830 y.i . y 41W1 Al. tiij assit e L. at LO.L..a J,l ' W (s 5 11) ,s4 1i ‘rtP , eta,. 4)441 je_vm jAsWl4iiiJL4 j.i. SJILyMi&UJi wajy jtill ji ."8 , 84(s- 8 J, ( 8. 0 s. 8 .7_4-48 (8) rji c't-tt 4 1 Ms 4.1. as-4 ra..11 as py Lul Best Regards, Kazin $ Al Nahedh .ri t twill jai j 3 .:1 4 1 1 .1.,siat L. winte. 11 .1 79tude4H Divan finance Mouse KUWAIT FINkNCE HOUSE.1 2 -SCP I State of 1132220 fiesd0.021222 y0.111711 A u li AIL T11%7 \ -• .NID v411 \ .U0 IT:

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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

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.

QI aptiff - jdeaill

GISIdt 4tJ•1 aaj, rSa. r)(--J

te%Litali

dijdall t.„.ausi J iL,L.:14

a=ail ct.,..41) 14/1-1-4 dj ;sal lia 10;1th LUA.

'1-9-61) ti-848) 8888 J.88-8 (8,8(a

a_.th1.11 (fusiLL.thly clusall) WI ,,A301 (thysyy.11

_4:1.011 619...1 isyri1 ; ;WI

-tap as • - I j j,i L4i Ss• J.1.0 a

4‘-t, 44' 'FLU) &CAI ‘Ii3V-4 Cu• Lth40.11y1.4a41

thATAI aLulA101 ffiwilAs ilAs ,L1ACLI

-iii .!) 172,607830 y.i.y 41W1 Al. tiij

assit e L. at LO.L..a J,l ' W (s511) ,s4 1i ‘rtP,

eta,. 4)441 je_vm jAsWl4iiiJL4

j.i.

SJILyMi&UJi wajy jtill ji

."8,84(s-8 J,(8.0 s.8 .7_4-48 (8) rji c't-tt 41 Ms

4.1. as-4 ra..11 aspy Lul

Best Regards,

Kazin $ Al Nahedh

.rittwill jai j3.:14 11.1.,siat

L.

winte.11.179tude4H Divan finance Mouse

KUWAIT FINkNCE HOUSE.12-SCP I State of 1132220 fiesd0.021222

y0.111711 Auli AIL T11%7 \ -• .NID v411 \ .U0 IT:

Page 2: 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

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.

Page 3: 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

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

Nh ,41" rje \Q•

I of. cilwadln k....gu Disclosure Form of Lawsuits and Court Judgments

7019 dasi 3 3 April 2019

(4:4.) 4,511 Jr44.11 orm

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.

eiL,01-,-.4.24 4 c-• 3,441 rdst.11 a..5.41 °Ale

1444#AP 1,41.4411 esioll 4 imam Sang ail riAl•

(sids-94-43- JailiV1)172607830 rails:4114M amr.th

marel JAL. .:AurstL., J.0) 4.-LA J.Ati rUM e

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