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07 March 02:02 PM

Sector News

GFH Financial Group
13 February 12:27 AM GFH delivers $145.5m net profits in 2025 with diversified global investments; board recommends dividend payout
Mubasher: Cross-listed GFH Financial Group reported net profits worth $145.50 million in 2025, signaling an increase of 13.20% from $128.51 million in 2024. The basic and diluted earnings per share (EPS) stood at 3.92 cents in 2025, compared to …
Board of Directors
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2 February 06:29 PM GFH acquires majority stake in GCC-focused Byrne Equipment Rental
Mubasher: GFH Financial Group has purchased a 60% stake in Byrne Equipment Rental LLC, a leading GCC industrial services and equipment rental provider, with an investment and capital expenditure program valued at around $400 million. This …
Global Economy
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21 January 09:58 AM GFH, AlKhaleej Training eye business merger to expand educational assets
Mubasher: GFH Financial Group has signed a non-binding memorandum of understanding (MoU) with AlKhaleej Training and Education Company to explore potential collaboration on the merger of their educational assets and companies. The deal includes …
Mergers and Acquisitions
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19 January 09:04 PM GFH Partners unveils investments in US to fuel global expansion strategy
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, has completed its co‑investment in Cold‑Link Logistics, a leading cold storage owner‑operator and one of the ten largest privately held companies in North America. The unit also invested …
Global Economy
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5 January 10:29 AM GFH Partners, Gaw Capital to launch logistics platform in UAE
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, joined forces with Gaw Capital Partners to establish a UAE-focused industrial and logistics platform, according to a press release. Under the partnership, Gaw Capital will hold a …
Companies Investments
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26 November 2025 11:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Real estate
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17 November 2025 01:33 PM MENA-focused GFH records 14.5% higher total income in 9M-25
Mubasher: GFH Financial Group logged a net profit attributable to shareholders valued at $101.27 million in the first nine months (9M) of 2025, an annual rise of 15.10% from $87.95 million. The earnings per share (EPS) hiked by 16.50% to US Cents …
Financial Results
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4 November 2025 05:26 PM GFH Partners acquires SAR 200m logistics asset in Riyadh
Mubasher: GFH Partners, a unit of GFH Financial Group, acquired logistics assets in Riyadh for approximately SAR 200 million, according to a press release. The transaction marks another milestone in the growing regional industrial and logistics …
Companies Investments
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16 February 2025 00:11 PM GFH delivers robust performance in 2024; dividends raised
Mubasher: GFH Financial Group recorded 15.21% year-on-year (YoY) higher net profits attributable to the shareholders at $118.50 million in 2024, versus $102.86 million. The revenues hiked by 39.86% to $675.82 million last year from $482.22 million …
Cash Dividends
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23 January 2025 04:58 PM Cross-listed GFH confirms $200m contribution towards certain sector in US
Mubasher: GFH Financial Group, which is listed on several regional stock markets, has confirmed that its investments and commitments exceed $200 million in the infrastructure sector in the US, according to a bourse filing. The amount is dedicated …
Global Economy
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26 December 2024 06:54 PM Two GCC banks witness 100% acquisition transaction
Mubasher: Burgan Bank has recently received the final approval from the Central Bank of Kuwait (CBK) to acquire 100% stake in United Gulf Bank (UGB), a licensed conventional wholesale bank headquartered in Bahrain. The execution of this …
Mergers and Acquisitions
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2 April 2024 01:03 PM Ekttitab Holding’s accumulated losses cross 65.5% of capital
Mubasher: Ekttitab Holding incurred accumulated losses valued at KWD 20.95 million at the end of the fourth quarter (Q4) of 2023, according to a bourse disclosure. The registered accumulated losses, which represent 65.76% of the paid-up capital, …
Financial Results
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25 March 2024 02:49 PM National Industries reports KWD 47m consolidated profit in 2023
Mubasher: The consolidated net profit after tax and directors’ remuneration of National Industries Group Holding (NIG) surged to KWD 46.77 million in 2023 from SAR 33.92 million a year earlier. Revenues from sales and contracts with customers …
Financial Results
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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 …
Companies Investments
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 …
Ratings
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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 …
Financial Results
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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, …
Cash Dividends
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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 …
Financial Results
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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 …
Companies Investments
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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 …
Companies Investments
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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 …
Ratings
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23 November 2022 04:45 PM GIH raises stake in Inovest to nearly 24%
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 …
Companies Investments
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10 November 2022 04:51 PM GFH’s profits to owners exceed $66m in 9M-22
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, …
Financial Results
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12 October 2022 01:00 AM Region’s cross-listed GFH acquires additional medical portfolio for $400m
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 …
Companies Investments
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4 October 2022 01:21 PM GIH plans listing companies on ADX, Tadawul
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 …
Macroeconomics