Muscat bourse suspends trading in Galfar shares

Business Tuesday 23/August/2016 17:13 PM
By: Times News Service
Muscat bourse suspends trading in Galfar shares

Muscat: Muscat Securities Market (MSM) on Tuesday suspended trading in Galfar Engineering and Contracting Company shares in view of lack of full details about the arbitration award disclosure.
The company on Monday said that it received a compensation of OMR3.64 million from Haya Water for disputed claims between the two parties in Al Seeb Sewage project contract three.
The Muscat Securities Market has been taking stringent action against companies for lack of disclosure information regarding various corporate dealings, including compensation.