Mubasher: GFH Financial Group  (GFH) has announced plans to sell some real estate assets, expecting to complete the deals prior to the end of 2018.

GFH’s board of directors held a meeting on Monday for discussing the possibility of boosting its footprint in the GCC by implementing merger and acquisition (M&A) deals over the coming period, according to a statement to Boursa Kuwait on Tuesday.

GFH, which is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM), gave no further details on the assets that it seeks to sell or on M&A transactions.  

The company's consolidated profit jumped 12.1% to $73.4 million in the first six months of 2018, compared to $65.5 million during H1-17.