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…