A good one for...

Gulf Business - - NEWS AND VIEWS -

GFH Fi­nan­cial Group: The Bahrain­based firm re­ceived $22.5m in cash as part of a le­gal claims set­tle­ment. Few de­tails were re­vealed due to con­fi­den­tial­ity clauses, but GFH said that the re­cov­ery will have a pos­i­tive im­pact on sec­ond quar­ter prof­itabil­ity. The com­pany also an­nounced it will seek a cross-listing on Saudi Ara­bia’s stock mar­ket in a bid to par­tic­i­pate in the king­dom’s pri­vati­sa­tion pro­gramme.

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