Kuwait's Gulf Bank says court rules in favor in $183 mln dispute -court

Kuwait's Gulf Bank said a court ruled in favor of the lender in a $182.99 million dispute with The Cube Group to auction assets

  
Image used for illustrative purpose. Kuwaiti traders monitor market activity at the Kuwait Stock Exchange, October 2, 2011.

Image used for illustrative purpose. Kuwaiti traders monitor market activity at the Kuwait Stock Exchange, October 2, 2011.

REUTERS/Stephanie McGehee
DUBAI, June 2 (Reuters) - Kuwait's Gulf Bank said a court ruled in favor of the lender in a 55.3 million dinar ($182.99 million) dispute with The Cube Group to auction assets, according to a bourse filing on Thursday.

This is to go towards covering part of its debt to the lender, Gulf Bank said in the statement. The court ruling is final, the statement added. ($1 = 0.3022 Kuwaiti dinars)

(Reporting by Hadeel Al Sayegh; Editing by Sunil Nair) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))

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