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Haya Water made to pay Galfar OMR 3.64m

Haya Water made to pay Galfar OMR 3.64m
Galfar’s stock gained 0.96% in Monday’s early trades (Photo Credit: Company Website)
Galfar Engineering
GECS
0.00% 0.16 0.00

Mubasher: Galfar Engineering and Contracting Company said an arbitration award was issued and obligated Oman Wastewater Services Company (Haya Water) to pay to Galfar a total amount of OMR 3.64 million ($9.43 million), according to a bourse statement.

The arbitration award is final in one of the four arbitration proceedings between Galfar and Haya Water in respect of the disputed claims between the parties in Al Seeb sewage project contract-3.

Galfar’s stock gained 0.96% to OMR 0.11% in Monday’s early trades.