MANAMA: GFH Financial Group (“GFH” or “the Group”) today has been announced as a Strategic Partner of Future Investment Initiative (FII) Institute, joining the Institute’s list of world-class global partners. FII Institute is a leading nonprofit foundation with an investment arm and one agenda: “Impact on Humanity.” Its partners include major global and regional banking…
All posts tagged GFH Financial Group
GFH Financial Group to list its shares on Abu Dhabi Securities Exchange in May
MANAMA, BAHRAIN: GFH Financial Group announced that the targeted cross listing of its shares on the Abu Dhabi Securities Exchange (ADX) is expected to take place in May 2022 subject to the final regulatory approvals. This will be the Group’s fourth regional listing, with GFH shares already actively traded on the Bahrain Bourse (BHB), Dubai…
GFH intends to acquire 21.03% stake in Khaleeji Commercial Bank
DUBAI, UAE: GFH Financial Group has expressed intention to make an offer to acquire up to 187.589 million ordinary shares representing 21.03% stake in Khaleeji Commercial Bank. This acquisition will result in GFH owning 100% of Khaleeji. GFH (acting in concert together with its subsidiary, KHCB Asset Company) holds 616.057 million shares representing 69.06% of…
Roebuck Asset Management sold Avonmouth logistics center in UK for $123 million
MANAMA, BAHRAIN: Roebuck Asset Management has concluded an off-market sale of Accolade Park to Tritax Big Box REIT Plc for $123 million, a news release said. Roebuck Asset Management is the UK subsidiary of Bahrain based GFH Financial Group. Accolade Park is a prime logistics centre in the UK comprising of 875,000 sq ft located…
GFH shareholders approve $42 million dividend in cash and bonus shares
MANAMA: GFH Financial Group shareholders approved the Board of Directors’ recommendation for the distribution of a total dividend of US$42million. This included cash profits for all ordinary shares, save for treasury shares, at 1.86% of the nominal value of the share (equal to US$0.0049, BD0.001859, UAE dirham 0.0181) totaling US$17 million and bonus shares for all ordinary shares at…
GFH Financial Group acquires Hidd Mall
DUBAI: GFH Financial Group would like to announce thatit has acquired 80% alongside the stake of a strategic partner of Hidd Mall. The 46,000 m2 mall, located in the fast-growing area of Hidd in Muharraq, is fully leased to Lulu Hypermarkets, the largest retail chain in the Middle East and one of the largest chains…
GFH Financial Group
GFH Financial Group, previously known as Gulf Finance House, is an Islamic investment bank with headquarters in Bahrain Financial Harbour, Bahrain. GFH Financial Group BSC (GFH) is a leading and dynamic financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain’s Financial Harbour, we’re listed on three stock…
Fitch reaffirms GFH Financial Group’s long-and short-term issuer default rating
DUBAI: GFH Financial Group announced Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term Issuer Default Rating (IDR) at ‘B’ with the outlook on the Long-Term IDR as ‘Stable’. The reaffirmation of the Group’s ratings reported by Fitch takes into account the management’s strategic objective of reshaping GFH’s business model…
GFH Financial Group posts 21% decline in earnings
MANAMA: GFH Financial Group announced its results for the third quarter and first nine months of 2019 ended 30 September 2019. For the third quarter of 2019 net profit attributable to shareholders was US$24.4 million versus US$30.9 million in the third quarter of 2018, a decrease of 21.0%, while earnings per share was US cents…