Dubai – Mubasher: GFH Financial Group (GFH) on Monday announced it expects to generate over $20 million in profits following its exit from the Lost Paradise of Dilmun Water Park project subject to the final confirmation of group’s auditors and the Central Bank of Bahrain.
The exit transaction is projected to be reflected in the group’s fourth-quarter financial statements, GFH added in a statement to the Dubai Financial Market (DFM).
On Sunday, GFH, listed on Bahrain Bourse, Boursa Kuwait, and the DFM, revealed it exited Lost Paradise of Dilmun Waterpark, which is located in Al Areen Development in the southern region of Bahrain, in a $60-million deal.
