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Lawsuit against Ezdan, Medicare Group dismissed

Lawsuit against Ezdan, Medicare Group dismissed
(Photo credit: Arabianeye - Reuters)
Medicare
MCGS
-1.01% 5.67 -0.06
Ezdan Holding
ERES
2.50% 1.15 0.03

Doha – Mubasher: Qatar’s court of first instance has rejected a lawsuit filed by Abdullah bin Nasser Al Misnad against Ezdan Holding Group and Medicare Group.   

The lawsuit was filed to challenge the validity of Ezdan’s ownership of a 24.69% stake in Medicare Group through its subsidiaries, according to a bourse filing released on Sunday.

Al Misnad requested Ezdan and Medicare Group to pay him a compensation of QAR 100 million.

By 09:40am Doha time, Ezdan’s stock rose by 1.8% to QAR 10.99, while Medicare’s stock declined 0.46% to QAR 65.50.