Manama: GFH Financial Group (“GFH” or “the Group”) today announced that Fitch Ratings has affirmed its Long- and Short-Term Issuer Default Ratings (IDR) at ‘B’. The Outlook on the Long-Term IDR is Stable. Fitch has also affirmed the senior unsecured long-term rating of the US$500 million sukuk due 2025 issued through GFH Sukuk Company Limited…
MANAMA, BAHRAIN:GFH Financial Group (GFH) has signed an agreement to acquire a majority stake in SQ Asset Management (SQ), a US-based living sector asset manager and property manager focused on student housing. The acquisition will see GFH launch its US operations by adding 180 real estate professionals to GFH’s employee base, bringing significant investment and…
MANAMA, BAHRAIN: GFH Financial Group announced its successful investment, in partnership with Preylock Holdings, in a portfolio of high quality, income yielding logistics assets leased to Amazon. In a transaction currently valued at more than $2 billion, the portfolio, comprised of 14 mission-critical logistics assets strategically located in 11 states, is fully leased on a…
MANAMA, BAHRAIN: GFH Financial Group has expanded its US multifamily residential portfolio after acquiring a third asset, a luxury high-rise in Baltimore, Maryland, for an estimated $90 million. The acquisition diversifies GFH’s US assets and comes amid increasing demand for US multifamily residential properties among renters. GFH acquired the 17-story property in Baltimore in a…
MANAMA, BAHRAIN: GFH Financial Group has entered into a strategic partnership with Schroders Capital to invest in select private equity and venture capital deals on a discretionary basis. Schroders Capital has US$70 billion of assets under management and is the private markets investment division of Schroders, the global asset management group with US$968 billion of…
MANAMA, BAHRAIN: GFH Financial Group (GFH) has signed a real estate deal worth $200 million to acquire two multifamily residential sites in prime locations in Las Vegas. The acquisition was completed in partnership with US-based real estate specialist Carroll, which manages around $5.2 billion of assets. GFH’s investment strategy in residential assets is based on…
MANAMA, BAHRAIN: GFH Financial Group has signed to acquire a $100 million student housing portfolio affiliated to top rated universities located in the United States, a news release said. The acquisition is in partnership with Student Quarters, an Atlanta based specialist asset manager, who is the sixth largest purchaser of student housing assets in the…
DUBAI: Jassim Alseddiqi, Chairman of GFH Financial Group (GFH), rang the market opening bell today at Nasdaq Dubai to celebrate the listing of the Group’s USD 300 million Sukuk on the region’s international exchange. The Sukuk is a landmark achievement for GFH as it enters the international debt capital markets. The capital raised supports the…