Mubasher: Standard and Poor's (S&P) has assigned GFH Financial Group a long-term credit rating of 'B-', with a stable outlook, the group disclosed to the Dubai Financial Market (DFM) on Thursday.

The global rating agency has assessed the group's performance in four sectors of investment banking, commercial banking via its subsidiary Khaleeji Commercial Bank (KHCB), real estate development, and treasury and proprietary investments. 

It is noteworthy to mention that in 2019, the group's net profits attributable to the shareholders reached $80.1 million, down by 29.8% year-on-year (YoY) from $114.1 million.

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