Al-Istithmar orders 300K refund to investor
The Investment and Commerce Court in Qatar ordered two individuals to refund an amount of 300,000 Riyals received from an investor for investment purposes over eight months. This decision was made after they breached an investment agreement that stipulated the repayment of the principal amount along with returns. Despite receiving the full amount, the defendants failed to fulfill the terms of the agreement, resulting in a court ruling for the return of the capital plus court expenses. The lawsuit was filed based on documents proving the investment relationship and the defendants' obligation to return the money. The attorney confirmed that their non-compliance caused material and moral damages to the investor.
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