Barwa Real Estate Company Q.P.S.C. Noting that the Court of Cassation in the State of Qatar has decided to reject the appeal No. 598/2020 filed from it against the Tamdeen Real Estate Company KSCC, and the court also issued its decision on appeal No. 587/2020 filed from the Tamdeen Company against Barwa Company, the operative part of which reads: (cassation of the judgment and in the appeal it was rejected).
Accordingly, Barwa Real Estate Company must pay an amount of 1,440,504 Kuwaiti Dinars (one million four hundred forty thousand five hundred and four Kuwaiti Dinars) or its equivalent in Qatari riyals, representing the fees for design work and consulting services, in addition to an amount of 500 thousand Qatari riyals as compensation.
The facts of the lawsuit relate to a legal dispute related to fees for planning and consulting design works carried out by Al Tamdeen Company for the benefit of Barwa in 2008 in one of the projects to be implemented at that time before it was canceled, and then Al Tamdeen Company filed a lawsuit during the year 2013 to demand the fees and compensation, and the lawsuit ended with the issuance of the above-mentioned decision of the Court of Cassation.
Barwa Company stated that with the issuance of the final decision of the Court of Cassation, the amount decided upon is final, and that the judgment decision will not affect the profit or loss statement for the Group for the year 2021, as the company established an allocation for the full amount in previous years.