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Source:
أخبار الخليج
Al-Tijaria orders payment of 17,900 dinars from real estate investment loan
The High Civil Court ordered the owner of a real estate company to refund an amount of 17,902 Bahraini dinars, in addition to legal interest at a rate of 3% annually. This ruling was due to an outstanding balance on an investment loan of 25,000 dinars that was granted to him for the purpose of purchasing land outside Bahrain. The amount ordered to be repaid constitutes a part of the original sum delivered to the company, as the borrower benefited from the loan for nearly ten years and paid back only about 7,000 dinars. The plaintiff requested the termination of the contract due to unfulfilled commitments, and it was confirmed that the defendant acknowledged receiving the original amount and having paid part of it. The court also seized the remaining amount along with interest, as well as covering legal expenses and attorney fees.
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