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Court declines CBK’s appeal against Mayadeen

Court declines CBK’s appeal against Mayadeen
Photo Credit: Arabianeye-Reuters
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Kuwait-Mubasher: National Ranges (Mayadeen) said that the court of cassation canceled the verdict appealed for the favor of Mayadeen by the legal representative of Commercial Bank of Kuwait (CBK).

CBK’s legal representative had filed an appeal against the verdict issued for the favor of Mayadeen, regarding the selling of its shares.

Mayadeen noted that no financial impact shall reflect on the company’s financial statements.