Zain Iraq challenged the decision fined $ 100 million

[blueskyline]

 

 

Twilight News / she 's Mobile Telecommunications Co. (ZAIN), said Zain Iraq, received a demand from the Iraqi media and communication body implementing the decision of the Hearing Committee Authority to pay $ 100 million fine, according to the statement. 

The company said in a statement on Tuesday, the Kuwait Stock Exchange, it has decided to file an appeal before the Iraqi Commercial Court, and raise the issue of the unconstitutionality of the article in the communications that barricaded the Council 's decisions to challenge the law. 

The company confirmed that it will request the court 's decision prevents the body to perform any executive action to collect the amount until the completion of the issue of appeal. 

On 14 July, it has been upheld the fine issued against "Zain Iraq -" $ 100 million. 

The committee hearing of the Communications and Media Commission of the Republic issued a decree, in the July 13, 2016, it requires the support of the decision , chief executive of Communications and Media Commission to impose a fine referred to. 

She said , "Zine" the end of February, he said the Iraqi Court of Appeal decided to complete the audit and to postpone the hearing until the date of March 8 2016 not unexpected verdict in that meeting. 

The «Zain» in the middle of last December, said that «Otar- Iraq» the company reported that it had been notified on November 23, 2015 , issued by the Court of Cassation , Iraq 's decision to cold - discrimination submitted by the company «raised» in one of the suits list, which aims to raise the decision to seize the bank accounts belonging to the company to meet the estimated amount of tax equivalent to $ 187 million. 

The "Zen" has, in the February 23, 2016, that the court had booked the case to the judgment in a hearing February 25 2016. 

She «Zain» in the middle of last December, said that «Otar- Iraq» According to the company that it had been notified on November 23, 2015 issued a decision for the Court of Cassation in Iraq serving cold discrimination submitted by the company «raised» in one of the suits list, which aims to raise the decision to seize the bank accounts belonging to the company to meet the estimated amount of tax equivalent to $ 187 million. 

And working "Zen" in purchasing, supply, installation, management and maintenance of equipment and devices of the mobile phone, pagers, and investing in financial portfolios managed by specialized companies. 

The company 's capital almost 432.7 million dinars, distributed in a manner almost 4.3 billion shares, with a nominal value of 100 fils dinars per share. 

The company 's shares rose by 2%, to reach at a price of 490 fils at the end of trading today.

 

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[blueskyline]

  ((((((((  The company 's shares rose by 2%, to reach at a price of 490 fils at the end of trading today.  )))))))) Very Interesting . (and borrowed )

[yota691]

01/26/2017 (00:01 pm)   -   the number of readings: 325   -   thenumber (3836)

 

 

Zain Iraq challenged the decision fined $ 100 million

 Baghdad / term 
 

It confirmed the mobile telecommunications company Zain, Zain Iraq , the company received a demand from the Iraqi Media and Communication Authority to implement the decision of the Hearing Committee Authority to pay $ 100 million fine. 
Zain said the company, in a press statement seen by (range), they "decided to file an appeal before the Iraqi Commercial Court, and raise the issue of the unconstitutionality of the article in the communications that barricaded the Council 's decisions to challenge the law." 
The company confirmed that it "will request the Court 's decision prevents the body to carry out any executive action to collect the amount until the completion of the issue of the appeal." 
On 14 July, it has been upheld the fine issued against "Zain Iraq -" $ 100 million. 
The Committee of the Communications and Media Commission hearing issued a decision, in the July 13, 2016, requires the support of the decision , chief executive of the Communications and Media Commission to impose a fine referred Alleha.ozkrt Zain, in the middle of last month, it said that " was raised - Iraq reported that it had been notified on February 23, 2015 decision issued by the Court of Cassation in Iraq serving cold discrimination submitted by the company was raised in one of the existing claims, which aims to raise the decision to seize the bank accounts belonging to the company to meet the estimated amount of tax equivalent to $ 187 million. " 
Said Zain Kuwait 's Mobile Telecommunications, in 21 of the month Gara, The unit (Zain Iraq) will pay $ 94 million to settle a lawsuit related to the acquisition tax in 2007 to rival Iraqna from Egypt 's Orascom Telecom. 
Zain operates in the field of procurement and supply, installation, management and maintenance of equipment and devices of the mobile phone, pagers, and investing in financial portfolios managed by specialized companies. 
The company 's capital 432.7 million Kuwaiti dinars , roughly, divided into about 4.3 billion shares , almost, with a nominal value of 100 dinars per share Aluahd.ccant the Ministry of Finance raised its previous decision to freeze funds Zain Iraq Iraqna and its affiliates. The Reuters news agency, at the time, that " the Iraqi Finance Ministry lifted restrictions on the frozen funds for Zain Iraq, Iraqna" without giving further.

[ggdog60]

Thanks, Yota!