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22 October 08:56 AM

GFH will purchase the shares of KHCB through a shares exchange
GFH announces precondition satisfaction to acquire KHCB

Dubai – Mubasher: GFH Financial Group has announced the satisfaction of preconditions and firm intention to make an offer to acquire up to 100% of the issued and paid-up ordinary shares of  Khaleeji Commercial Bank (KHCB). GFH will purchase the …
The updated ratings reflect the group’s sound liquidity
CI upgrades GFH's corporate ratings; outlook stable
The potential acquisition will be subject to necessary consents
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GFH will purchase the shares of KHCB through a shares exchange
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