Qatari Investors Group Discloses the Judgment in The Case No. 2742

 

February 07, 2017

 

Qatari Investors Group announced that the court verdict disclosure as follows;

The external law office informed us the judgment for case number 2742 for the year 2016 filed by the established companies:

 

1.  AlEklim (Ezdan Holdings);

2.  AlKara Trading (Ezdan Holdings); and

3.  ShateaAl Nile (Ezdan Holdings)

 

Against Qatari Investors Group, where the Court ruled the case inadmissible and oblige the plaintiff (Ezdan Holdings) to pay all expenses. The case was relating to the request for invalidity of the Ordinary General Assembly resolutions of 6th March 2016 pertaining to absolving the Board of Directors from responsibility.