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Bahrain court orders GFH to pay $ 45.47 mln to Saudi company

Bahrain court orders GFH to pay $ 45.47 mln to Saudi company
GFH
GFH
1.85% 1.10 0.02
Well informed sources revealed that Bahrain Chamber for Dispute Resolution has issued a judgment obligating Gulf Finance House and its former CEO, Esam Janahi to pay $ 45.47 million jointly to Saudi - based Tanmiyat Investment Group. GFH announced, recently, that it has signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its DUBAILAND district.