GFH
Mubasher: GFH Financial Group, listed on the Bahrain Bourse, Boursa Kuwait, and the Dubai Financial Market (DFM), on Wednesday announced it has signed an agreement with H Hotels & Resorts Management.
Under the agreement, H Hotels will operate an under-development new five-star hotel and residences at the landmark Harbour Row waterfront project in Manama, GFH added in a statement to the Bahrain Bourse.
GFH, the Islamic wholesale investment bank, has completed around 60% of the work at the new hotel, according to the statement.
It is worth noting that GFH previously reported a $20.7 million in consolidated net profit for the first quarter of 2019, down 43.9% from $36.89 million in Q1-18.