Kuwait-Mubasher: Al Madina for Finance and Investment said that the court of appeal in Abu Dhabi has issued a final judgment, entitling the company, a subsidiary and an associate to an amount of AED 88 million to be paid by N&H Company and Hassan Salah Tatanaki, according to a bourse statement.

The company, which is listed on the Kuwaiti and Dubai bourses, said that the payment order covers a restitution of AED 70 million, in addition to 5% per annum interest on the amount, starting from 6 September, 2010.

The company added that this court rule will have a positive impact on Al Madina’s financial results once the amounts are recovered, added the statement.

On Wednesday, Al Madina’s stock opened 3.64% higher to 28.5 fils in Kuwait, and 6.95% stronger to AED 0.354 in Dubai.