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GFH purchased 12.35 million of its treasury shares
27 October 10:58 AM GFH purchases 12m treasury shares on Bahrain Bourse, DFM
Mubasher: GFH Financial Group has purchased 12.35 million of its treasury shares on Bahrain Bourse and Dubai Financial Market (DFM). This acquisition has raised the total holding of treasury shares from 155.156 million shares to 167.506 million …
The company has acquired 9.385 million shares on 24 October
26 October 10:06 AM GFH acquires 19.6m of treasury shares
Mubasher: GFH Financial Group has purchased around 19.6 million shares of its treasury shares on Bahrain Bourse, Dubai Financial Market (DFM), and Boursa Kuwait. The company has acquired 9.385 million shares on 24 October 2021 and 10.2 million …
A co-investment was made in a global healthcare education provider
25 October 10:14 AM GFH partners with Schroders Capital to invest in private equity deals
Mubasher: GFH Financial Group has inked a strategic partnership with Schroders Capital, the private markets investment division of the UK's Schroders, to invest in a number of private equity and venture capital deals. The partnership will enable …
SICO has liquidated the market-making portfolio
24 October 10:38 AM GFH receives CBB's approval for treasury share repurchase
Mubasher: GFH Financial Group has obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021. This approval came after the ordinary general meeting (OGM) had agreed …
GFH will purchase the shares of KHCB through a shares exchange
17 October 11:31 AM GFH announces precondition satisfaction to acquire KHCB
Dubai – Mubasher: GFH Financial Group has announced the satisfaction of preconditions and firm intention to make an offer to acquire up to 100% of the issued and paid-up ordinary shares of  Khaleeji Commercial Bank (KHCB). GFH will purchase the …
The updated ratings reflect the group’s sound liquidity
7 October 08:43 AM CI upgrades GFH's corporate ratings; outlook stable
Dubai – Mubasher: Capital Intelligence Ratings has upgraded the long-term and short-term corporate ratings of GFH Financial Group at 'BB-' and 'B', respectively, with a stable outlook. The updated ratings reflect the group’s sound liquidity, …
The potential acquisition will be subject to necessary consents
4 October 09:46 AM Al Salam Bank – Bahrain inks MoU on potential acquisition of assets from Ithmaar
Mubasher: Al Salam Bank – Bahrain has signed a Memorandum of Understanding (MoU) to start discussions with Ithmaar Holding for a potential acquisition of a group of assets from Ithmaar. The potential acquisition will be subject to the completion …
Al Samahiji was the co-founder of Orpheus Partner
29 September 09:38 AM GFH appoints new CEO for UK operations
Dubai – Mubasher: GFH Financial Group has appointed Tariq Al Samahiji as the CEO of the company's operations in the UK effective immediately. With experience in the global banking sector across asset management, capital markets, Islamic finance, …
The segment brings the total length of the 2Africa cable system to over 45,000 km
28 September 03:47 PM 2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan
Mubasher: The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, announced that a new segment has been added to the 2Africa subsea …
27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug
Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami
By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …
Photo Archive
20 September 03:25 PM GCC asset managers expect more inflows amid growing ESG, Islamic investments – Moody’s
Mubasher: The asset management segment across the Gulf region is expected to witness increased inflows over the coming 12 months in line with the growing demand for Islamic and environmental, social, and governance (ESG)-compliant investments, …
The study estimated the FV of the Bahraini firm's share at $39.71
19 September 01:56 PM Raya Contact Center reveals FV of Gulf Customer Experience
Cairo – Mubasher: Raya Contact Center announced that the fair value (FV) of Gulf Customer Experience has been estimated at $15.68 million.  The study, prepared by Solid Capital for Financial Advisory, estimated the FV of the Bahraini firm's share …
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16 September 03:15 PM ITFC pens 10 trade agreements worth over $1bn
Riyadh – Mubasher: The International Islamic Trade Finance Corporation (ITFC) has signed 10 trade financing agreements at a value exceeding $1.2 billion. This was in addition to trade development agreements with ITFC member countries from Asia and …
Photo Archive
13 September 04:54 PM NBK issues $1bn Senior Unsecured notes; first of kind across CEEMEA
Mubasher: The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle East and Africa (CEEMEA) region. Final …
ITFC approved for its member countries more than $58 billion since 2008
8 September 05:45 PM ITFC supports members with $605m under COVID-19 Response Program
Mubasher: The International Islamic Trade Finance Corporation (ITFC) has provided the member countries with $605 million as financial support under its COVID-19 Response Program, CEO of ITFC, Hani Sonbol, announced. The corporation aimed to help …
The acquired multifamily residential sites are located close to Las Vegas suburban areas
8 September 12:49 PM GFH acquires $200m multifamily residential sites in US
Mubasher: GFH Financial Group has inked a real estate deal with the US-based real estate specialist Carroll to acquire two multifamily residential sites in Las Vegas in exchange for $200 million. The company's investment in residential assets is …
Gilbert Kamieniecky and Georg Knoflach will represent Investcorp
6 September 02:36 PM Investcorp acquires digital payments platform operator MIR Limited
Mubasher: Investcorp Technology Partners (ITP) has completed the acquisition of all of the business and assets of MIR Limited, which operates payments platform and e-wallet solutions, according to a press release on Monday. After concluding the …
The Egyptian market accounts for 10-15% of Mrsool's total operations
16 August 02:39 PM Mrsool eyes expansion in Africa via Egypt, listing on an Arab stock exchange
By: Ahmed Allam  Cairo - Mubasher: Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed.  The Saudi delivery platform is …
There was a decline in the capital investment to $12.4 billion
26 August 02:24 PM FDI projects in region decline 7%, capital investment shrinks 17% in H1-21
Mubasher: The number of foreign direct investment (FDI) projects in the Arab countries has decreased by 6.9% to 285 during the first half (H1) of 2021, according to a report by The Arab Investment & Export Credit Guarantee Corporation (Dhaman) on …
25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21
Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.
The signing ceremony
1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project
Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …
The company plans to submit the firm intention in Q3-21
17 August 10:04 AM GFH submits letter of intent to KHCB for voluntary takeover offer
Dubai – Mubasher: GFH Financial Group has submitted a letter of intent to Khaleeji Commercial Bank's (KHCB) board for a voluntary takeover of the bank's issued shares. The company plans to submit the firm intention and offer documents during the …
Job applicants can answer questionnaires and present an introductory video
16 August 03:29 PM AI-powered conversational recruitment tool could cut hiring time by 80%
Mubasher: A new online platform that uses artificial intelligence (AI) solutions claims it can make the recruitment process easier for both employers and job candidates, cutting down hiring time by 80%. Launched by US-based Velents, ConvoRecruit …
The group's total income amounted to $181.01 million in H1-21
12 August 04:52 PM GFH reports 146% higher profits in H1-21
Mubasher: The net profits attributable to the shareholders of GFH Financial Group hiked by 146.1% to $37.04 million in the first half (H1) of 2021, compared to $15.05 million in the year-ago period. Higher profits are attributed to the increased …