Honasa Consumer secures AED 9.9m award in RSMM arbitration
Published on: June 26, 2026, 11:10 p.m. | Source: scanx.trade
Honasa Consumer Limited announced a favorable rectification order dated June 26, 2026, increasing its arbitration award against RSMM General Trading LLC to AED 9,918,514. The order corrected computational errors, raising loss of profit damages to AED 7.32 million and adjusting substitution costs. RSMM must pay the amount within 30 days or face interest penalties and is also liable for damages related to Dubai court proceedings.
