The Qatari German Medical Devices Company Announces the Suspension of the Enforcement Ruling and the Signing of a Settlement Contract with the Industrial and Commercial Bank of China Limited

The Qatari German For Medical Devices Company announced the signing of a settlement contract with the Industrial and Commercial Bank of China Limited regarding the ruling issued by the Court of Appeal, in Case No. 2024/450/Appeal/Arbitrators’ Rulings/General. Based on QICCA Case No. 06/ARB/2023 dated 05/02/2023 It was agreed to suspend the enforcement of the court ruling and adhere to the terms of the settlement signed by both parties.