Dubai – Mubasher: GFH Financial Group announced that it will pay $85 million, in addition to $7 million return, to acquire a 27% a stake in one of the partners in the disputed Tunisian real estate project.

The amount will be delivered through scheduled payments by GFH, as one of the partners exits the project, according to a press release on Sunday.

A recent court ruling obligated one of the partners to exit from the project, which will increase GFH’s share to 78% from 51%.  

It is worth noting that GFH is listed on the Dubai Financial Market (DFM), Bahrain Bourse (BHB), and Boursa Kuwait.