Mubasher: Al Anwar Holdings announced the receipt of about BHD 668,800 ($1.8 million) from Bahrain’s Addax Bank, according to a bourse statement.

Al Anwar had filed a claim to the GCC Arbitration Centre, Bahrain for the recovery of the $4.7 million invested in Addax Bank.

The book value of the investment in the bank amounts to OMR 256,062; Al Anwar is expected to post about OMR 365,000 profits after calculating the expenses.