Mubasher: Bahraini GFH Financial Group will hold a 6.3% stake in its newly-acquired investment, Marshal Equipment and Trading, a leading pan-MENA FinTech company, while the group’s investors will hold up to 63.7%.    

Marshal’s existing owner will retain a 30% stake, according to a bourse filing on Wednesday.    

On Tuesday, 18 February, GFH announced the acquisition of a 70% stake in Marshal in a deal that was facilitated through its investment arm, GFH Capital. 

Moreover, the group added that Gaurav Dhar, a technology entrepreneur and global FinTech investor, will continue serving as Marshal’s CEO.   

The new acquisition will reflect positively on GFH’s financials as it is predicted to generate a higher return on investment (ROI) by 2% over the investment period of five years.   

GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).