GFH Financial Group BSC News - Mubasher Info
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GFH Financial Group BSC (GFH)

Last update: 10 July 12:50 PM market time.
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Volume 1,000,000
Turnover 298,000.00
All data are 15 minutes late during market session

News

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8 July 11:07 AM GFH Partners launches new fund to expand in US
Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has launched and closed its seventh logistics and industrial fund in the US, according to a press release. The portfolio includes 25 industrial and transportation logistics …
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6 June 11:45 AM Fitch maintains GFH's IDR rating at 'B'; outlook stable
Mubasher: Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDR) rating of GFH Financial Group at ‘B’,  with the outlook on the long-term IDR remaining stable. Fitch has also maintained the senior unsecured long-term rating …
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15 May 09:47 AM GFH sees 13% higher profits to owners in Q1-24
Mubasher: The net profits attributable to the shareholders of GFH Financial Group hit $27.13 million in the first quarter (Q1) of 2024, up 13.03% year-on-year (YoY) from $24 million. Total income stood at $162.97 million in the January-March 2024 …
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15 April 10:04 AM GFH seeks to acquire Ithmaar Holding’s portfolios
Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …
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1 April 04:56 PM GFH Partners injects $450m in US real estate sector
Mubasher: GFH Partners Limited, a subsidiary of GFH Financial Group, has invested $450 million in the US real estate sector between the fourth quarter (Q4) of 2023 and Q1-24. In the Medical Clinics sector, GFH Partners has a portfolio of assets …
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25 March 11:04 AM GFH’s shareholders elect new board, ratify dividends
Mubasher: GFH Financial Group’s annual general meeting (AGM) has elected a new board of directors for the next three years, according to a bourse filing. The new board include Hisham Ahmad Alrayes, Ali Murad Ali, Darwish Abdulla AlKetbi, Ghazi …
Zayed Alzayani, Chairman of Roebuck
24 March 02:52 PM GFH names Alzayani as Chairman of London-based Roebuck
Mubasher: GFH Financial Group has appointed Zayed Alzayani as board Chairman of its subsidiary Roebuck, a London-headquartered Pan-European real estate logistics investor and asset manager. Alzayani has four decades of experience spanning senior …
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10 March 01:53 PM GFH leads Cenomi Centers’ $500m sukuk offering
Mubasher: GFH Financial Group has acted as the joint lead managers and bookrunners for the issuance of a $500 million sukuk by Arabian Centres Company (Cenomi Centers), according to a press release. The five-year offering registered a total order …
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6 March 01:57 PM GFH to sell Khaleeji Bank's AT1 Certificates for $75m
Mubasher: GFH Financial Group has signed an agreement with Southern Star Investments WLL to sell a portion of its ownership in the Khaleeji Bank’s Additional Tier 1 (AT1) Certificates. The transaction was concluded at a nominal value of $74.96 …
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19 February 10:49 AM GFH hires SNB Capital to manage cross-listing on Tadawul
Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul). The cross-listing will …
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14 February 03:31 PM GFH’s profits exceed $105m in 2023; dividends proposed
Mubasher: GFH Financial Group posted 7.69% higher consolidated net profits at $105.23 million in 2023, compared to $97.71 million in 2022, according to a press release. Earnings per share (EPS) hit $2.95 as of 31 December 2023, up 11.32% …
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14 November 2023 02:29 PM GFH’s profits to owners up 19% in 9M-23 consolidated results
Mubasher: The net profits attributable to the shareholders of GFH Financial Group surged by 19.14% to $78.92 million in the first nine months (9M) of 2023 from $66.23 million in 9M-22. Total income amounted to $261.29 million as of 30 September …
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25 October 2023 01:44 PM GFH unveils SAR 500m acquisition deal at FII7
Mubasher: GFH Financial Group has inked an agreement to acquire a leading food services and logistics business in Saudi Arabia at an enterprise value of nearly SAR 500 million. The signing took place on the slides of the seventh edition of the …
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24 October 2023 01:29 PM Listed entities among FII7 conference’s global strategic partners
Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …
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9 October 2023 10:51 AM CI affirms GFH's foreign currency ratings; outlook stable
Mubasher: The Capital Intelligence Ratings (CI) has reaffirmed the long- and short-term foreign currency rating of GFH Financial Group as ‘BB’ and ‘B’, respectively, according to a press release. The CI indicated that the ratings remain backed by …
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8 October 2023 01:36 PM GFH Partners acquires $150m logistics portfolio in Saudi Arabia, UAE
Mubasher: GFH Partners Limited, a DIFC-based subsidiary of GFH Financial Group, has completed the acquisition of a $150 million diversified logistics and industrial portfolio in Saudi Arabia and the UAE as well. The portfolio includes stabilised …
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13 August 2023 11:23 AM GFH unveils growth in H1-23 financial results
Mubasher: GFH Financial Group posted 29.50% higher net profits attributable to the owners at $54.61 million in the first half (H1) of 2023, versus $42.18 million in H1-22, according to the consolidated interim statements. Basic and diluted …
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19 June 2023 01:01 PM GFH launches new unit to foster global portfolio
Mubasher: GFH Financial Group has launched a fully-owned subsidiary called GFH Partners Ltd in line with its expansion plans to scale up its global portfolio and real estate assets management, according to a press release. The new entity is mainly …
Damian White, Group Chief Financial Institutions and Proprietary Investments of GFH
7 June 2023 11:24 AM Fitch affirms GFH's rating at 'B'; outlook stable
Mubasher: Fitch Ratings affirmed its ‘B’ long- and short-term issuer default ratings (IDR) for GFH Financial Group, with a stable outlook on the long-term IDR. Fitch also maintained the senior unsecured long-term rating of the $500 million sukuk …
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11 May 2023 05:23 PM GFH’s profits to owners jump 25.5% in Q1-23
Mubasher: The net profits attributable to shareholders of GFH Financial Group were valued at $24.01 million in the first quarter (Q1) of 2023, up 25.60% from $19.12 million in Q1-22. The higher net profits were backed by growth across the group’s …
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27 March 2023 01:24 PM GFH to pay 6% cash dividends for 2022
Mubasher: The annual general meeting (AGM) of GFH Financial Group (GFH) agreed to distribute a cash dividend of $0.01 (AED 0.05) per share for 2022, excluding treasury shares. Meanwhile, the dividends account for 6% of the share nominal value, …
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13 February 2023 10:28 AM GFH records higher profits to equityholders in 2022; dividends proposed
Mubasher: GFH Financial Group achieved net profits attributable to the shareholders worth $90.25 million in 2022, an annual growth of 7.20% from $84.22 million. Total income jumped by 10.80% to $441.67 million during the January-December 2022 …
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15 January 2023 05:57 PM GFH’s Infracorp rolls out 1st co-investment in EU infrastructure sector
Mubasher: Infracorp, a sustainable infrastructure platform launched by GFH Financial Group, has teamed up with UK-based Equitix to invest in Aurora Infrastructure Oy, a Finnish electricity network. Through the partnership, Infracorp plans to …
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5 January 2023 03:07 PM GFH concludes acquisition of majority stake in Big Sky
Mubasher: GFH Financial Group has acquired a majority shareholding in Big Sky Asset Management, a US-headquartered real estate asset manager focused on the healthcare sector, according to a press release. The transaction further expands GFH’s …
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28 December 2022 00:58 PM S&P upgrades GFH’s ratings to ‘B’; outlook stable
Mubasher: S&P Global Ratings has upgraded the long-term issuer credit rating of GFH Financial Group to ‘B’ from ‘B-’, with a stable outlook, according to a press release. The agency also advanced the credit ratings on the Sukuk issued by GFH Sukuk …