DOHA: Ahli Bank Qatar has filed a legal case against Investment Holding Group (IHG) and a group of defendants for an amount of QR178,529,133.61. All are guarantors of bank facilities for Doha Convention Center project, executed by Joint Venture of Debbas Contracting Qatar and ETA Star Engineering and Contracting, being Sub Contractor, where Investment Holding Group share is 25.5 percent.
The case was registered by number 2926 / 2018, and the next session was adjourned to October 23, 2018 for re-notifying the Parties. According to a regulatory filing to Qatar Stock exchange (QSE), the Investment Holding Group said this case is related to another case previously filed by the Sub-Contractor against the Main Contractor. However, while the cases are running in court, the concerned parties are attempting to solve the dispute amicably, in order to settle the account in full with the Main Contractor.
