Kuwait-Mubasher: Kuwait Finance House (KFH) said Tuesday that the court of appeal upheld a verdict obliging Alomran Alaqaria and Kuwait Real Estate Holding to pay KWD 5.7 million to Kuwait’s biggest Islamic lender.
The verdict of first instance was issued against Alomran Alaqaria, as original debtor and Kuwait Real Estate Holding, as joint surety. Both later filed a challenge to the court of appeal which rejected it, as KFH announced today.
It is noteworthy that KFH’s stock retreated 1.11% to close at 445 fils on Tuesday.
