Page 92 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)

(ii) Capital commitments

Property and equipment 104,955 457,880

Investment properties 2,153,559 907,115
2,258,514 1,364,995

(iii) Legal cases
(i) Legal case Number: 4117/2018 (Electronic No. 182317800).

Plaintiff: Kuwait Port Authority
Defendant: Parent Company

Case subject: Forcing the Parent Company to evacuate plot No. S5 in Free Trade Zone
being occupied by the Parent Company. The Parent Company evacuated this location on
January 20, 2014.

Court verdicts issued:

- On April 24, 2024, the “Court of First Instance” issued its verdict in favor of the
defendant by rejecting the case.

- During May 2024, the Plaintiff appealed against the verdict through case No.
2494/2024 in the “Court of Appeal” and on November 20, 2024, the “Court of Appeal”
issued its verdict in favor of plaintiff by obligating the defendant to pay an amount of
KD 514,991.

Current status:
- The Defendant appealed against the verdict and the case is pending in the “Court of
Cassation” and the date of hearing is not set yet.

Financial impact:

- The Parent Company has recorded a provision of KD 514,991 (Note 10) during the year
ended December 31, 2024.

(ii) There are legal cases being raised by and against the Group as at December 31, 2025.
According to the available information, it was not possible to assess probable outflows
which could result from those cases until a final verdict is rendered by the court.
Accordingly, no provision for any liability has been made in these consolidated financial
statements in relation to these legal cases.

89 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.