Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024.

Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press release.

This Investment is expected to reflect positively on the group’s financials and boost its returns.

GFH Partners Limited, a unit of GFH, recently closed its seventh logistics and industrial fund in the US.

In the first quarter (Q1) of 2024, the group’s net profits attributable to the owners hiked by 13.03% to $27.13 million from $24 million in Q1-23.