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Court issues ruling against Kuwait’s Al Dar

Court issues ruling against Kuwait’s Al Dar
Photo Credit: Arabianeye-Reuters
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Mubasher: A Kuwaiti court has ordered Al Dar National Real Estate to pay KWD 8.61 million to Mohammed Abdulmohsin Al Kharafi and Sons Co, according to a bourse statement issued on Sunday.

In a previous statement by Al Dar, the company had said that the financial impact expected from the court’s ruling will be KWD 8.84 million.

The court’s ruling will be followed by major restructuring procedures, the statement said.