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Sector News

GFH
1 April 05:51 PM Region-focused GFH changes commercial name to GFH Bank
Mubasher: Cross-listed GFH Financial Group has transformed its commercial name to GFH Bank B.S.C., in a strategic move reflecting a fundamental change in its business model while reinforcing the clarity of its identity as an integrated banking and …
Corporate Actions
GFH’s AGM
25 March 05:36 PM GFH’s shareholders greenlight over 10% cash dividend for 2025
Mubasher: The annual general assembly meeting of GFH Financial Group endorsed the board’s recommendation to distribute cash dividends of 10.11% of the nominal value of all ordinary shares, excluding treasury shares, amounting to up to $100 …
Cash Dividends
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 …
Financial Results
Photo Archive
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
Photo Archive
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 …
Companies Investments
Photo Gallery
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 …
Companies Investments
Photo Gallery
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
Photo Gallery
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
Photo Archive
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 …
Global Economy
Photo Gallery
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
Photo Gallery
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 …
Board of Directors
Photo Archive
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 …
Companies Investments
Photo Archive
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 …
Banking and Finance
Photo Archive
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
Photo Archive
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
Photo Gallery
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
Photo Archive
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
Photo Archive
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, …
General Assembly
Photo Archive
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
Photo Archive
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
Photo Archive
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
Photo Archive
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
Photo Archive
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
Photo Archive
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