Disclosure form of lawsuits and court judgments



Details
Combined Group Contracting Co. (K.S.C)
22-07-2026

Lawsuits and court judgments

Automatic Case Number: 212036460
Appointment of an expert to settle accounts and to rule according to what the expert report results in regarding the (Lower Fares) project.

The concluding judgement of the court of first instance

10196/2021 ت ك / 47
15-06-2023
Court of First Instance – Commercial Circuit No. 47
The Combined Group Contracting Company (K.S.C.) Versus. Petrofac International Limited, / and Others
The Combined Group Contracting Company (K.S.C.)
The Court ruled: To oblige the First Defendant Company (Petrofac International Limited) to pay the Plaintiff Company the following: • An amount of KWD 5,724,050.238 representing the value of the claims. • An amount of KWD 235,685.934, as material compensation. • Legal interest at the rate of 7% per annum from the date the judgment becomes final, together with appropriate costs.
None
حكم.pdf

The concluding judgement of the court of appeal

Commercial Appeal No. 4730/2023 – Circuit 7
19-03-2025
Court of Appeal
The Combined Group Contracting Company (K.S.C.) Versus. Petrofac International Limited, / and Others
The Combined Group Contracting Company (K.S.C.)
The Court ruled: First: To accept both the original and cross appeals No. 4730/2023 Commercial 7 as to form. Second: On the merits of Appeal No. 4730/2023 Commercial 7, to annul the appealed judgment and to rule anew by obligating the First Respondent Company (Petrofac International Limited) and the Second Respondent (KOC), jointly and severally, to pay the Appellant (The Combined Group Contracting Company) a total amount of KWD 7,827,997.966, plus legal interest at the rate of 7% per annum from the date of filing the judicial claim on 28/06/2021 until full payment, and to order the First Respondent to bear the costs and an amount of KWD 1,000 as actual attorney’s fees for both instances of litigation. Third: On the merits of Appeal No. 4843/2023 Commercial 7, to dismiss the same and to obligate the Appellant to pay the costs and an amount of KWD 100 as attorney’s fees.
None
حكم ثاني.pdf

The concluding judgement of the court of cassation

Court of Cassation Case Number.: 1858-1867/2025
01-07-2026
Commercial Cassation Court – Circuit 7
The Combined Group Contracting Company (K.S.C.) Versus. Petrofac International Limited, / and Others
The Combined Group Contracting Company (K.S.C.)
First: In Commercial Appeal No. (1858) of 2025, the Court ruled to accept the appeal in form, and on the merits, to partially overturn (reverse) the contested judgment as outlined in the reasoning, and ordered the first respondent to pay the appeal expenses plus twenty Dinars in attorney's fees.Second: In Commercial Appeal No. (1867) of 2025, the Court ruled to accept the appeal in form, and on the merits, to partially overturn (reverse) the contested judgment as outlined in the reasoning, and ordered the first respondent to pay the appeal expenses plus twenty Dinars in attorney's fees.Third: Regarding the merits of Commercial Appeals No. 4730 and 4843 of 2023, the Court ruled to amend the appealed judgment with respect to the awarded amounts, ordering the first appellee in the first appeal to pay the appellant in the same appeal an amount of KWD 4,355,221.399 (Four Million, Three Hundred Fifty-Five Thousand, Two Hundred Twenty-One Kuwaiti Dinars, and 399 Fils). and to affirm it in all other respects
Coordination is currently underway with the external auditor and legal advisor to determine the financial impact of this ruling on the company’s net profit and financial statements, following a comprehensive review of all company guarantees and legal rights. Any material adjustment to the uncollected amount from the client will be disclosed immediately upon completion of the review. This is due to the fact that we have not yet received the full text of the ruling; its operative part cannot be accurately interpreted without reviewing the merits and grounds of the judgment, which have not been obtained as of today. The Capital Markets Authority (CMA) will be notified, and the financial impact will be determined once the ruling has been received and reviewed.
حكم ثالث.pdf

Supplementary disclosure form

SUPPLEMENTARY DISCLOSURE REGARDING THE FINANCIAL IMPACT OF THE LAWSUIT FILED AGAINST PETROFAC INTERNATIONAL LIMITED, AND OTHERS
01-07-2026
Based on the reasoning and grounds set in the Judgment rendered by the Court of Cassation under Nos. (1858-1867/2025 – Commercial Cassation/7), which was received on 22/07/2026
we hereby clarify that the aforementioned court judgment is non-enforceable against our company and Petrofac. This is due to the inclusion of a clause in the settlement agreement dated 19/08/2025 asserting the company's right to adhere to the settlement agreement, even if subsequent court judgments are rendered that differ from the terms of the settlement agreement. Pursuant to the letter from the company's legal counsel dated 22/07/2026, which confirmed the preparation of a statement of claim demanding that all parties to the settlement agreement adhere to its enforcement. Accordingly, the Company clarifies that the financial impact cannot be determined at the present time until the settlement agreement dated 19/08/2025 is duly enforced, we will update you with any further developments in this regard in due course.

The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure.This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.