How much did Delima Oil Products win in its lawsuit?

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Delima Oil Products Won US$11.7 Million in Lawsuit

Delima Oil Products Sdn Bhd has been awarded US$11.7 million in a lawsuit against Safitex General Trading LLC. The judgment includes 9 per cent annual interest on the sum from the date of the ruling until full payment.
Lawsuit Over Unpaid Palm Oil and Margarine

The legal action stemmed from outstanding payments owed by Safitex General Trading LLC for purchases of refined crude palm oil and margarine. Safitex, a company operating within the United Arab Emirates, had entered into contracts with Delima Oil for these products.
Dubai Court Ruled in Favour of Delima Oil

The Dubai Court of First Instance issued the judgment in favour of Delima Oil Products. This decision mandates Safitex to settle the awarded amount, along with the specified interest.
FGV Holdings Shares Saw an Increase

Following the news of the lawsuit's outcome, shares of FGV Holdings Bhd, the parent company of Delima Oil Products, experienced a rise. The shares increased by 3.28 per cent in early trading, reaching RM1.26 with a significant volume of 15.97 million shares transacted.

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How much did Delima Oil Products win in its lawsuit?

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