Dubai-Mubasher: GFH Financial Group announced it has collected $12.2 million on back of a case it filed against Abu Dhabi Investment House (ADIH) and Qatar Entertainment City Company (QEC) before Bahrain Chamber for Dispute Resolution (BCDR).
The favourable judgment was final and passed in December 2014.
GFH that is listed in Bahraini, Kuwaiti and Dubai bourses, noted that the payment collection covered the group’s outstanding investment with the Qatari company, due profits and legal costs.
The Bahraini group noted that this recovery “will have a positive impact on GFH’s financial results”.
