KAMPALA, UGANDA – After an extended legal battle spanning eight years, the protracted financial dispute between Hamis Kiggundu, a prominent Ugandan billionaire, and the Diamond Trust Bank has finally concluded. Both parties have reached an amicable settlement, closing all ongoing court cases related to their financial disagreements.
The resolution of this long-standing conflict came to fruition during a closed-door meeting between the CEOs of the respective entities – Hamis Kiggundu, the CEO of Ham Group of Companies, and Nasim Devji, the Group CEO of Diamond Trust Bank.
In the meeting, the two influential figures engaged in constructive dialogue, seeking practical solutions to the financial disputes that had been a subject of legal contention for almost a decade. The accord reached between them signifies a mutual agreement to set aside past financial differences, prioritizing the preservation of their 11-year banking relationship.
Their joint decision to move past these disputes aims to pave the way for a renewed commitment to constructive engagement, fostering a conducive environment for future financial growth, progress, and mutual prosperity.
The agreement reflects a shift in focus from a protracted legal battle towards a forward-looking approach that values collaborative efforts and the potential for mutual financial gain. The closure of the court cases signals a turning point in their relationship, emphasizing the significance of reconciliation and cooperation for their shared banking and business endeavors.
The resolution of this conflict marks a significant milestone, putting an end to years of legal wrangling and opening avenues for renewed trust and collaboration between Hamis Kiggundu and Diamond Trust Bank, potentially shaping their future financial engagements positively.
The details of the settlement and the specific terms agreed upon during their closed-door meeting were not disclosed to the public.