New ruling issued on Haya Water and Gulfar dispute

Atheer – External Sources

The Muscat Securities Market (MSM) has issued a disclosure to the CEO of Galfar Engineering Company, informing shareholders and investors of a ruling in the third arbitration case of four arbitral proceedings between Galfar Engineering and Contracting and Haya Water.

This is regarding a dispute between the two parties with regard to the Sewage Sewage Contract Project.

The ruling obligates Haya Water to pay Gulfar a total amount of 1,332,615 Omani Rials.

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