Kuwait's Al Madina for Finance and Investment Co said it had won an arbitration appeal against Global Investment House over a disputed share repurchase agreement.
In April, the arbitration centre at Kuwait's chamber of commerce and industry ruled in favour of Global over a $10m debt and ordered Al Madina to pay $300,000 in compensation.
Al Madina's shares were down 1.2 percent, while Global's shares were down 1.6 percent at 0930 GMT on the Kuwait bourse Wednesday. (Reuters)
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