The Defendant is ordered to pay to the Claimant:

(a) An amount of US$ 768,040.00;

(b) Interest in the amount of US$ 31,489.64;

(c) Further interest on the amount of US$ 768,040.00 calculated at the rate of 5% per annum from 15 October 2020 to date of payment; and

(d) The reasonable costs of the proceedings, to be assessed by the Registrar if not agreed.

The Defendant's counterclaims are dismissed. The Claimant is awarded its reasonable costs, to be assessed by the Registrar if not agreed.

The Claimant is Protech Solutions LLC (“Protech”). The Defendant is Qatar Islamic Bank QPSC (“QIB”). Protech has been established in the Qatar Financial Centre (“QFC”) as a provider of technology services, including Automatic Teller Machines (“ATMs”), to banks. It is the sole supplier of Diebold-Nixdorf (“DN”) ATMs in Qatar. QIB has also been established in Qatar and is listed on the Qatar Stock Exchange. It is one of the leading Islamic banks and the second largest bank in Qatar.