Mubasher: A verdict was issued by Bahrain Chamber for Dispute Resolution in favor of GFH Financial Group to oblige one of the partners to repay previously received fees of $20 million to the group.
Issued on Tuesday, 18 August, the ruling also rejected a claim raised by the same partner against one of the infrastructure projects, according to the group's disclosure to Dubai Financial Market (DFM) on Thursday.
This verdict is forecast to have a positive impact on the group's financial statements of the second half (H2) of 2020.
GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).
