22 October 2007
Manama, Bahrain (22 October 2007) –BMB Investment Bank (“BMB” or “the Bank”) announced today that the Court of Cassation has ruled in the Bank’s favor in the case brought against it by Kuwait International Bank (formerly Kuwait Real Estate Bank).
Kuwait International Bank had brought a lawsuit against both BMB and the Ministry of Commerce, challenging the validity of the Bank’s Extraordinary General Meeting held in May 2005 and in which the Bank’s capital was restructured.
