GFH eyes $50m profit from deal with In­spired

Gulf News - - Region -


Fi­nan­cial Group said yes­ter­day it ex­pects to see up to $50 mil­lion (Dh183.50) in net profit and a cash flow of around $150 mil­lion as a re­sult of the com­pany’s deal with In­spired.

In a state­ment to the Dubai bourse, GFH said it ex­pects the gains to be re­flected in its fi­nan­cial re­sults of 2017 and 2018.

Ear­lier this week, GFH an­nounced the sign­ing of an ed­u­ca­tion agree­ment with the UK’s In­spired, a group of schools op­er­at­ing in var­i­ous coun­tries, in a deal val­ued at $150 mil­lion. (Staff Re­port)

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