Sector News

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

Abu Dhabi - Mubasher: Kuwait-based Gulf Investment House (GIH), listed on Abu Dhabi Securities Exchange (ADX), increased its equity ownership in Inovest to 23.84%, according to a bourse filing. The listed firm purchased 25.55 million shares in …

Mubasher: The net profits attributable to the equityholders of GFH Financial Group rose by 9.80% to $66.23 million in the first nine months (9M) of 2022, compared to $60.34 million in 9M-21. The total income amounted to $293.87 million in 9M-22, …

Mubasher: GFH Financial Group, listed on four stock markets in the GCC, has acquired a second medical clinics portfolio in the US for $400 million. The income-yielding portfolio consists of 11 geographically diversified assets located across four …

Mubasher: Kuwait-based Gulf Investment House (GIH) aims to list three affiliate companies on the Abu Dhabi Securities Exchange (ADX) and another company on the Saudi Stock Exchange (Tadawul), Emirates News Agency (WAM) cited the company’s …

Mubasher: Kuwait’s Manazel Holding announced that its indirect subsidiary in Egypt, Manazel Real Estate Developments, has reached an agreement with Landmark for Real Estate Development (LMD) to exchange its investment in Zoya project in North …

Mubasher: GFH Financial Group has logged net profits attributable to the shareholders worth $42.18 million during the first half (H1) of 2022, up 13.90% year-on-year (YoY) from $37.04 million. The earnings per share (EPS) stood at $1.22 in the …

Mubasher: Roebuck Asset Management, a UK-based subsidiary of GFH Financial Group, has signed a joint venture (JV) agreement with ICG Real Estate for urban logistics, which is the last mile portfolio across Spain. The EUR 400 million deal comes in …

Mubasher: National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has appointed Saad Mohammed Al Saad as the company's Chairman. The company has also named Sulaiman Hamad Al Dalali as Vice Chairman, …

Mubasher: National International Holding Company has appointed Abdulwahab Al Wazzan as the company's new Chairman. The company has also named Basim Al Othman as Vice Chairman, according to a bourse filing on Monday. It is noteworthy to mention …

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has acquired 75% equity in Egypt’s Global Invest Securities Company. KMEFIC acquired the Egyptian firm in exchange for approximately EGP 7 million, according to a recent bourse …

Mubasher: The board of Ekttitab Holding has approved the exit from its investments in AI Arabiya for Public Facilities Management Company. Ekttitab will sell its stake in the company in exchange for KWD 2.25 million, according to a bourse filing …

Dubai – Mubasher: Al Salam Group Holding's subsidiary, Aldossor International Company for Trading and Construction, has sold 2.2 million shares in Priority Security and Service Holding. Al Tatweer Capital Real Estate Company acquired the sold …

Mubasher: The extraordinary general meeting (EGM) of National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has approved an increase in the authorised, issued, and paid-up capital to KWD 300 million from …

Mubasher: Noor Financial Investment has paid off the last installment worth KWD 1.5 million ($5 million) in a loan granted by its parent company National Industries Group Holding. In 2018, National Industries Group gave Noor Financial Investment a …

Mubasher: The board of International Financial Advisors (IFA) has approved to invest AED 37.695 million (KWD 3.089 million) in a branch of the UK-based Yotel hotel brand in Dubai’s Palm Jumeirah. Approved by the Risk Management Committee, …