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Judgments

Ibrahim Al Nasr vs Nexus Financial Services WLL

Appellate Division
CTFIC0032/2024
Neutral Citation
[2026] QIC (A) 5
Date
15 March 2026
Status
Keywords
Appellate Division
Permission Refused
Financial services
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Chelva Rajah SC
Helen Mountfield KC
Summary

In the Qatar Financial Centre Civil and Commercial Court Appellate Division, applications for permission to appeal and to admit fresh evidence were refused for cases involving Ibrahim Al-Nasr and Ali Al-Maadeed against Nexus Financial Services WLL. The applicants sought investment advice from Nexus and invested substantial sums through bonds provided by Old Mutual Investment. Payments ceased, and they were unable to obtain information from OMI after brokerage was transferred to another broker. The court upheld the initial judgments dismissing the claims, stating no loss was proven and that Nexus was not responsible after the transfer. Each applicant was ordered to pay the respondent's costs.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Chelva Rajah SC

    Singapore

  • Helen Mountfield KC

    England

Judgment Content

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