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19 April 09:11 PM

Sector News

The offer is subject to the approval of all necessary regulatory
8 July 2021 02:04 PM GFH in talks with Khaleeji Commercial Bank for voluntary takeover offer
Dubai – Mubasher: GFH Financial Group is still in talks with Khaleeji Commercial Bank (KHCB) regarding a potential voluntary takeover offer for the bank's issued shares. The offer is subject to the approval of all necessary regulatory, board, and …
Companies Investments
These investments are expected to have a positive impact on the group’s financials
4 July 2021 00:13 PM GFH closes second global tech opportunities offering
Mubasher: GFH Financial Group has closed the private placement offering of Global Tech Opportunities II, comprising investments in a portfolio of high-growth, pre-IPO companies that specialise in next-generation technologies. The portfolio enables …
Companies Investments
GFH continues to expand its global logistics platform
27 June 2021 10:23 AM GFH acquires FedEx logistics facility for $100m
Mubasher: GFH Financial Group has acquired a US-based warehousing and distribution logistics facility, fully leased to FedEx, in exchange for around $100 million. This acquisition is part of GFH’s objective which focuses on acquiring high-quality …
Companies Investments
GFH's industrial portfolio in the US comprises 26 assets
20 June 2021 09:36 AM GFH exits from US industrial portfolio
Mubasher: GFH Capital Limited, a wholly-owned subsidiary of GFH Financial Group, has inked an agreement to exit from its U.S. industrial portfolio, which was acquired in 2016. GFH's industrial portfolio in the US comprises 26 assets spanning over …
Companies Investments
PIF’s investment comes in advance of the ASIIP’s anticipated first closing
10 June 2021 01:47 PM Saudi PIF invests in Investcorp-Aberdeen regional infrastructure fund
Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has committed up to 20% of the total size of ASIIP infrastructure fund, the joint venture between Bahrain-based Investcorp and Aberdeen Standard Investments. PIF’s investment comes in advance …
Mutual Funds
The school is inspected by the British Government
8 June 2021 01:58 PM GFH's education platform acquires British school in Tunisia
Mubasher: Britus Education, the wholly-owned education investment platform of GFH Financial Group, has acquired The British International School of Tunis (BIST) to expand the company's presence in Tunisia. Under the transaction, Britus Education …
Mergers and Acquisitions
The sale is expected to have a positive impact on Shuaa's Q2 financials
7 June 2021 09:38 AM Shuaa Capital, Goldilocks Fund sell stake in Khaleeji Commercial Bank
Dubai – Mubasher: Shuaa Capital has sold its 3.8% stake in Khaleeji Commercial Bank (KHCB), totaling 34.648 million shares, to GFH Financial Group. The sale, expected to have a positive impact on Shuaa's second quarter (Q2) financials, is part of …
Companies Investments
Roebuck acquired the property in May 2017
25 April 2021 10:14 AM GFH's unit sells UK-based logistics centre for $123m
Mubasher: The UK-based Roebuck Asset Management, the subsidiary of GFH Financial Group, has completed an off-market sale of Accolade Park, a prime logistics centre in the UK, to Tritax Big Box REIT in exchange for $123 million.  Spanning over an …
Companies Investments
The termination of the agreements will be effective from 23 May
22 April 2021 11:26 AM GFH terminates market making, liquidity provider agreement with SICO
Mubasher: GFH Financial Group has announced the termination of the market making and Liquidity Provision agreements with SICO for GFH’s shares on Bahrain Bourse and Dubai Financial Market (DFM). The termination of the agreements will be effective …
Companies Investments
The shareholders also agreed on paying bonus shares
6 April 2021 03:58 PM GFH's OGM approves $42m cash dividend, bonus share distribution
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group has approved a cash dividend and bonus share distribution of $42 million. The cash dividend payout for all ordinary shares stands at 1.86% of the share nominal value or $0.0049, …
Cash Dividends
Photo Archive
24 March 2021 04:30 PM GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service
Mubasher: GFH Financial Group has entered into an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) to provide its clients with the Murabaha service. Launched by BHB in May 2020, the Murabaha service will be offered through …
Trading Activities
Lower net income was attributed to the group's higher precautionary provisions
25 February 2021 04:40 PM Al Baraka Banking Group achieves 8% lower net income in 2020
Mubasher: The total net income of the Bahrain-based Al Baraka Banking Group (ABG) declined by 8% to $166 million in 2020, compared to $180 million in 2019. Lower net income was attributed to the group's higher precautionary provisions allocated to …
Banking and Finance
The facility has been leased to Michelin North America
23 February 2021 02:42 PM GFH acquires mission-critical distribution facility in Chicago for $135m
UAE - Mubasher: GFH Financial Group has acquired a mission-critical distribution facility in Chicago in Illinois in exchange for $135 million, according to a press release on Tuesday. Since November 2015, the facility has been leased to Michelin …
Companies Investments
The board agreed to extinguish treasury shares of 94.339m shares
16 February 2021 11:26 AM GFH's board terminates market making/liquidity providing agreement
Mubasher: The board of GFH Financial Group has decided to terminate the market making/liquidity providing agreement, according to the company's disclosure to the Dubai Financial Market (DFM). The board also agreed to extinguish treasury shares …
Management Decisions
The basic and diluted EPS stood at 1.35 cents in 2020
16 February 2021 10:30 AM GFH records 32% lower profits in 2020
Mubasher: The net profits attributable to the shareholders of GFH Financial Group slid by 31.7% to $45.1 million in 2020, compared to $66.033 million in 2019. Lower net profits are driven by lower contribution from business lines due to the …
Financial Results
The acquisition is expected to be complete in the second quarter of 2021
17 January 2021 10:53 AM Bank ABC inks deal to acquire Blom Bank Egypt
Mubasher: Bahrain's Arab Banking Corporation (Bank ABC) announced signing an agreement with Lebanon’s Blom Bank to acquire its 99.4% stake in Blom Bank Egypt. The acquisition deal, subject to several conditions and approvals from regulatory …
Banking and Finance
All physical and non-physical assets and customer accounts are included in the deal
14 January 2021 05:54 PM Bahrain's Bank ABC completes acquisition of Blom Bank Egypt for $480m
Mubasher: Bahrain's Arab Banking Corporation (Bank ABC) finalised the acquisition of Blom Bank’s unit in Egypt for $480 million, two banking sources told Reuters on Thursday. All physical and non-physical assets and customer accounts are included …
Mergers and Acquisitions
The settlement is expected to have a positive impact on the company's financial statements
10 January 2021 11:41 AM Saudi Amiantit settles loans worth SAR 107m with Saudi, Bahraini banks
Riyadh – Mubasher: The Saudi Arabian Amiantit Company announced the full settlement of its loans with Samba Financial Group, Bank Aljazira, Gulf International Bank, Al Baraka Islamic Bank (Bahrain), and Arab Banking Corporation (Bahrain). The …
Banking and Finance
Roebuck has managed assets with total investments of over £1.4bn
27 December 2020 09:48 AM GFH acquires Roebuck Asset Management in UK
Mubasher: GFH Financial Group has acquired a majority stake in the UK-based Roebuck Asset Management, specialised in managing logistics real estate assets and commercial spaces. With the acquisition of Roebuck, GFH is enabled to expand its …
Mergers and Acquisitions
The two warehouses have access to over four million people across south eastern Spain
21 December 2020 04:08 PM GFH acquires Amazon designated warehouses at $77m
Mubasher: GFH Financial Group has acquired high quality and income yielding logistics warehouses, located in south eastern Spain and leased on a long-term basis to Amazon Road Transport, at a value of around $77 million. The two warehouses were …
Companies Investments
GFH will take the lead in the management of the universit
8 December 2020 09:43 AM GFH acquires international university in Bahrain for $100m
Mubasher: GFH Financial Group has acquired AMA International University-Bahrain (AMAIUB) in exchange for $100 million to increase the Group's regional investments in the educational sector. GFH will take the lead in the management of the …
Mergers and Acquisitions
Blom Bank Egypt has a paid-up capital of EGP 2 billion
2 December 2020 02:07 PM Bank ABC in exclusive talks to acquire Blom Bank Egypt
Cairo – Mubasher: Bahrain's Bank ABC has entered into exclusive negotiations with Lebanon’s Blom Bank to acquire its unit in Egypt. “These discussions are to negotiate definitive transaction agreements and facilitate the required regulatory …
Mergers and Acquisitions
Athena started its operations about one year ago
30 November 2020 03:48 PM GFH acquires private school for special education in Bahrain for $250m
Mubasher: GFH Financial Group has acquired Bahrain-based Athena Private School for Special Education for over $250 million to strengthen its educational portfolio, according to a press release Monday. With a capacity of 1,455 students, Athena is …
Mergers and Acquisitions
The investments include minority stakes in companies such as Snowflake
18 November 2020 04:06 PM GFH invests in pre-IPO, global tech companies
Mubasher: GFH Financial Group has invested in a portfolio of pre-initial public offering (IPO) and high-growth companies that specialise in next-generation technologies. The investments include minority stakes in companies such as Snowflake, …
Mergers and Acquisitions
The lender’s total assets reached $26.91 billion by end of September 2020.
10 November 2020 00:13 PM Al Baraka Banking Group maintains profit levels at $132m in 9M
Mubasher: The Bahrain-based Al Baraka Banking Group (ABG) achieved a total net income of $132 million during the first nine months of 2020, which is the same level of profits achieved during the last-year period. The group allocated 204% higher …
Financial Results