GFH Financial Group would like to inform its shareholders and the markets that a ruling was issued on Tuesday, 18th August 2020, by Bahrain Chamber for Dispute Resolution (“BCDR”) in favor of the Group. The verdict obliges one of the partners to return previously received fees of US$ 20 million to the Group, and rejected a claim raised by the same partner against one of the infrastructure projects.
The ruling is expected to have a positive impact on the financial results of the second half of 2020.