GFH Real Estate awards Almoayyed Contracting $150m contract

Mubasher: GFH Real Estate, a subsidiary of GFH Financial Group, announced Wednesday that it has hired Almoayyed Contracting Group as a main contractor for the Harper Row in the Bahrain Financial Harbour, with a total cost of $150 million.

GFH Real Estate said that all construction works will be assigned to Almoayyed Contracting, according to a bourse filing.

In the Dubai Financial Market (DFM) GFH’s stock declined by 1.57% to AED 1.250, making the highest trading activity with a volume of 35 million shares exchanged at AED 43.29 million.

Meanwhile in the Kuwait Stock Exchange (KSE), the stock stood at 102 fils as 550,500 shares were exchanged at KWD 56,152.

Mubasher Contribution Time: 02-Nov-2016 09:14 (GMT)
Mubasher Last Update Time: 02-Nov-2016 09:14 (GMT)