Mubasher: GFH Financial Group has logged net profits attributable to the shareholders worth $42.18 million during the first half (H1) of 2022, up 13.90% year-on-year (YoY) from $37.04 million. The earnings per share (EPS) stood at $1.22 in the …
Mubasher: Roebuck Asset Management, a UK-based subsidiary of GFH Financial Group, has signed a joint venture (JV) agreement with ICG Real Estate for urban logistics, which is the last mile portfolio across Spain. The EUR 400 million deal comes in …
Cairo - Mubasher: Regional Investment Holding has lowered its stake in Naeem Holding for Investment’s capital to 14.17% from 15.32%. Regional Investment sold 4.02 million shares, worth $787,920, at an average price of $0.19 per share, according to …
Mubasher: GFH Financial Group has acted as a joint lead manager on the pricing and issuance of a $400 million Sukuk by Saudi Arabia-based Dar Alarkan Real Estate Development Company. The three-year Sukuk, which marks the company's 12th market …
Mubasher: GFH Financial Group has acquired a $300 million student housing portfolio, affiliated to top-rated universities located in Texas, Michigan, and Missouri in the US. Acquired in partnership with GFH subsidiary, Student Quarters, the five …
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …
Dubai – Mubasher: Dubai Financial Market Company (DFM) has introduced new equity futures contracts on individual stocks of Dubai Electricity and Water Authority (DEWA) and GFH Financial Group. This step is in line with the DFM's strategy to …
Mubasher: Fitch Ratings has affirmed the long and short-term issuer default rating (IDR) of GFH Financial Group at 'B', with a stable outlook for the long-term IDR. The global rating agency also affirmed the 'B'/'RR4' senior unsecured long-term …
Cairo – Mubasher: Bahrain-based Lamar Holding has increased its stake in Mena for Touristic and Real Estate Investment Company (Mena) to 16.49% from 10.87%. The energy investment company purchased 13.60 million shares in Mena from Kuwait’s Mawared …
Mubasher: GFH Financial Group has raised its stake in the investment company GB Corp to 62.91% from 50.41% through strategic swaps worth $1.7 million. The transaction will have a positive impact on GFH's financials, according to a bourse filing on …
Mubasher: The net profits attributable to the equity holders of Ithmaar Holding retreated by 87.2% to $1.13 million in the first quarter (Q1) of 2022, compared to $8.86 million in the same quarter of 2021, according to the company's interim …
Mubasher: The net profits attributable to the shareholders of GFH Financial Group totalled $19.11 million in the first quarter (Q1) of 2022, an annual growth of 18.50% from $16.12 million. Total income edged up by 0.47% to $90.81 million in the …
Mubasher: GFH Financial Group has signed an agreement to acquire a majority stake in the US-headquartered SQ Company, an asset and property manager that focuses on student housing. Through this acquisition, GFH will add 180 real estate …
UAE - Mubasher: UAE-based DAMAC Group, the parent company of the listed Damac Properties Dubai Copmany, has announced plans to launch its digital products including virtual homes, property, and jewellery in the metaverse world. The group intends …
Mubasher: GFH Financial Group will begin the cross-listing of its shares on Abu Dhabi Securities Exchange (ADX) in May 2022 upon the final regulatory approvals, the group announced on Sunday. The listing on ADX will be GFH’s fourth regional …
Mubasher: The UK-based Roebuck Asset Management, a subsidiary of GFH Financial Group, has sold a Tesco Distribution Centre in exchange for $135 million. Spanning over 540,000 square feet, the asset was established by Tesco in 2010 and has had …
Mubasher: GFH Financial Group has appointed Ghazi Al Hajeri as the group's Chairman effective 4 April 2022 and Edris Al Rafi as Vice Chairman. Al Hajeri, who has occupied the position of Vice Chairman since July 2021, has succeeded Jassim Al …
Mubasher: The shareholders of GFH Financial Group gave the green light for cross-listing the entity’s shares on the Saudi Exchange (Tadawul) as well as Abu Dhabi Securities Exchange (ADX). During the ordinary and extraordinary general meeting …
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group has agreed on a dividend distribution of $60 million for 2021. The dividends include cash profits for all ordinary shares of 4.57% of the nominal value, equivalent to $45 …
Mubasher: Infracorp, the infrastructure and sustainability arm of GFH Financial Group, has issued a $900 million green Sukuk listed on London Stock Exchange. The first green Sukuk issued by a Bahraini entity reflects Infracorp’s objective to boost …
Mubasher: GFH Financial Group has launched a $100 million Sukuk fund, which comprises a diversified portfolio of Sharia-compliant Sukuk including sovereign, quasi-sovereign, and corporate Sukuk and Sukuk-related securities. The fund was introduced …
Mubasher: The net profits attributable to the shareholders of GFH Financial Group hiked by 86.77% to $84.22 million in 2021, compared to $45.09 million in the earlier year, according to the company's consolidated financials for the year ended 31 …
Mubasher: Roebuck Asset Management, the European subsidiary of GFH Financial Group, has early completed its exit from the Amazon Last Mile Logistics Warehouses portfolio in Spain. Spanning over an area of around 140,000 square metres, the …
Abu Dhabi – Mubasher: International Holding Company (IHC) has established a new subsidiary, dubbed Rebound Ltd, to launch Rebound Plastic Exchange as an innovative solution that aims to reduce the world’s plastic pollution. Rebound Plastic …
