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GFH expects $50m in profits from deal with Inspired

Gains to be reflected in financial results for 2017, 2018

Gulf News


GFH Financial Group said Thursday it expects to see up to $50 million 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.