Mubasher: Cross-listed GFH Financial Group has renewed its groundbreaking strategic partnership with FII Institute, a global non-profit foundation in Saudi Arabia, for three years to foster global innovation and sustainable development.

Extending the collaboration between GFH and FII came ahead of the eighth edition of the Future Investment Initiative Conference (FII8) under the theme “Infinite Horizons: Investing Today, Shaping Tomorrow” which is scheduled for 29-31 October in Riyadh, according to a press release.

GFH, headquartered in Bahrain, and FII Institute will build on their strategic partnership to leverage their combined strengths to drive meaningful change; GFH’s legacy of financial excellence coupled with FII Institute’s unwavering commitment to shaping the future.

The collaboration further underscores a shared vision of fostering economic development and prosperity in addition to giving priority to sustainability and social impact.

CEO of the FII Institute, Richard Attias, said: "Following the energizing FII7 and successful summits in Miami, Rio De Janeiro and Hong Kong, GFH also supported our journey of producing high-quality reports, global indices, and grassroots initiatives and is also positioned to make an even greater impact. Together, we will continue to drive positive change and create a better world.”

In 2023, the seventh edition of the FII conference took place in the Saudi Capital in October under the theme “The New Compass”.

This year’s FII edition will gather up the world's brightest minds of visionaries, policymakers, leaders, top CEOs and investors. This is in addition to academia, NGOs, entrepreneurs, innovators, scientists, activists, and media.

Through the extended partnership, GFH aims to carry on with shaping the future of impactful investments while driving forward innovation that aligns with its vision of growth, sustainability, and shared prosperity.

It is noteworthy to mention that the Bahraini group is listed on Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and Boursa Kuwait. The firm also plans to list on the Saudi Exchange (Tadawul), where it appointed SNB Capital to operate the listing process.

During the first half (H1) of 2024, GFH achieved net profits to the owners worth $60.75 million and a total income of $332.23 million.