The Court of Cassation ordered an ACICO Industries subsidiary to pay KWD 1.62 million.
The ruling arises from a legal dispute with Adel Ahmed Al-Sayed.
ACICO will record this new liability in its upcoming financial statements.
ACICO shares rose 3.7% during Wednesday’s trading session.
The stock price increased by 10 fils.
Shares closed at 280 fils.
Daily trading volume reached approximately KWD 555,000.