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Ahmed Al-Khateeb v Nexus Financial Services WLL

Court of First Instance
Case No. CTFIC0030/2022
Neutral Citation
[2023] QIC (F) 29
Date
12 July 2023
Status
Keywords
First Instance Circuit
Breach of Contract
Misrepresentation
Mis-selling
Financial services
Structured products
Judges
Her Honour Frances Kirkham CBE
Ali Malek KC
Dr. Muna Al-Marzouqi
Summary

In the case of Ahmed Al-Khateeb vs. Nexus Financial Services WLL, the Qatar Financial Centre Civil and Commercial Court dismissed Mr. Al-Khateeb's claims. Mr. Al-Khateeb, who invested USD 450,000 through Nexus in 2017, alleged that Nexus misrepresented the terms of the investments, causing him financial losses. He sought the return of his capital, financial compensation, and an apology. Nexus denied liability, and the court ruled in their favor, awarding Nexus reasonable costs. Mr. Al-Khateeb represented himself, while Nexus was legally represented. The court found no basis for his claims and tested his evidence against contemporaneous documents.

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Judges

  • Her Honour Frances Kirkham CBE

    England

  • Ali Malek KC

    England

  • Dr. Muna Al-Marzouqi

    Qatar

Judgment Content

Appellate History

Other Judgments related to the same case

Case No. CTFIC0030/2022

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    [2024] QIC (A) 6

    17 April 2024
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