Wednesday 25 November 2009

The Investment Dar - Apparent Good News in the Noor Investment Co Lawsuit

AlQabas also reports that TID has issued a press release (not yet on their website) that they Court of Appeals has ruled in TID's favor.

Noor had earlier filed a case charging TID's chief executive  (Adnan Musallam) and executive management with criminal behavior.  The Appeals Court has reportedly upheld the judgment of the lower court which rejected Noor's case.

It seems that now TID will return the favor by suing Noor's management for raising ibelous and untrue  accusations and sue for damages to their reputation.

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