Listed Galfar Wins Another Arbitration Against State-owned Haya


هذه الصفحة متوفرة بهذه اللغة: العربية

2 July 2018

Muscat (WAF): An arbitration award was issued in favour of Galfar Engineering and Contracting SOAG against the state-owned Haya Water, Galfar said today.

Haya water is obligated to pay a total amount of 2.6 million Omani Rials.Of the total amount, OMR 2,074,331 will be paid as a refund to the Claimant (Galfar) and OMR 558,535 as bank interest.

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“Arbitration Award is a final ruling and not subject to appeal except in the cases provided for in Article 53 of the Arbitration Law of Oman”, Galfar said.

This is not the first time Galfar Engineering and Contracting wins an arbitration award against Haya Water. Last February, an arbitration award was issued obliging Haya Water to pay a total amount touched to RO23mn.

A month later, another arbitration award was issued against Haya Water and it was to pay to Galfar a total sum of RO1.3 million.

By: H.S

Edited by: Fatma al-Arimi