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Court issues ruling against Hilal Cement

Court issues ruling against Hilal Cement
Photo Credit: Arabianeye-Reuters
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Mubasher: Hilal Cement said that the court of appeal has ordered the company to pay nearly KWD 578,430 to Global Clearing House Systems in addition to 7% legal interest, according to a bourse statement issued on Thursday.

The company will pay the amount which has been created as a provision.

On the stock level, Hilal Cement fell by 5% to 114 fils, after nearly 4,200 shares were traded at a value of about KWD 479.