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30 November 04:58 PM GFH acquires $200m medical offices in US
Mubasher: GFH Financial Group has purchased a portfolio of medical offices in the US in exchange for around $200 million, as part of the company's plan to build a portfolio of stabilised assets. With 11 assets, the medical portfolio spreads across …
The new finance deal is in line with stc Bahrain’s efforts toward digitalisation
15 November 04:05 PM stc Bahrai inks $186m bullet payment loan with ADIB, MUFG Bank
Mubasher: stc Bahrai, a subsidiary of Saudi Telecom Company (stc), has inked a $186 million five-year bullet payment loan with Abu Dhabi Islamic Bank (ADIB) and MUFG Bank.  The agreement will provide liquidity to stc Bahrain to develop and improve …
MSH covers various segments of the healthcare industry
15 November 01:10 PM GFH acquires 60% stake in UAE's multi-specialty healthcare provider
Mubasher: GFH Financial Group has acquired a 60% stake in the UAE-based Multi-Specialty Healthcare Partner Holding (MSH) in exchange for more than $100 million. With 19 healthcare clinics and two pharmacies across Al Ain, Abu Dhabi, Sharjah, and …
The company's total income hiked to $270.607 million
14 November 09:40 AM GFH reports 160% higher profits in 9M
Mubasher: GFH Financial Group has recorded a 160.42% increase in net profits attributable to the shareholders to $60.34 million during the first nine months of 2021, compared to $23.167 million in the year-ago period, as shown by the company's  …
The portfolio comprises a Class A Life Science office asset
8 November 10:52 AM GFH exits US tech offices portfolio
Mubasher: GFH Financial Group has exited from its US tech offices portfolio, which was acquired in 2019. The portfolio comprises a Class A Life Science office asset in Research Triangle Park in North Carolina, the largest scientific research and …
The portfolio comprises 14 mission-critical logistics warehouses
4 November 09:45 AM GFH acquires $2bn logistics assets in US
Mubasher: GFH Financial Group has acquired a portfolio of Amazon-designated logistics assets in the US at a value of more than $2 billion. Spanning over 11 million square feet, the portfolio comprises 14 mission-critical logistics warehouses, …
The bank's net operating income rose to BHD 49.579 million
3 November 10:15 AM Al Salam Bank records higher profits in 9M
Mubasher: The net profits attributable to the shareholders of Al Salam Bank hiked to BHD 16.224 million in the first nine months of 2021, compared to BHD 8.073 million in the same period of 2020, as shown by the bank's interims financials for the …
The Manama-based firm acquired the 17-story property in Baltimore
31 October 01:12 PM GFH acquires multifamily residential property in US for $90m
Mubasher: GFH Financial Group has boosted its multifamily residential portfolio in the US after acquiring the third asset, a luxury high-rise in Baltimore, Maryland, for $90 million. The deal diversifies the company's US assets and comes amid …
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 …
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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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 …
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 …
The Gulf-based firm has been valued at $14.32 million
29 August 01:12 PM Raya Contact Center to proceed with acquisition of Gulf Customer Experience
Cairo – Mubasher: The board of directors of Raya Contact Center approved a decision to proceed with the acquisition of 85% of Bahrain's Gulf Customer Experience, amounting to 335,829 shares.  The Bahrain-based firm operating in the business …
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 …
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 …
The MTO involved 298.62 million shares at $1.42 apiece
9 August 01:48 PM EGX executes $424m MTO on Blom Bank Egypt's shares
Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offer (MTO) on the unlisted shares of Blom Bank Egypt.  The MTO involved the trading of 298.62 million shares at a total value of $424.04 million, the EGX …
The subscription period for the MTO has expired on Thursday
5 August 05:48 PM Blom Bank Egypt's shares sold in MTO reach 298.6m
Cairo - Mubasher: The Egyptian Exchange (EGX) said that 298.62 million shares of Blom Bank Egypt's total 300 million shares have been sold in a mandatory tender offer (MTO), according to a statement on Thursday.  The subscription period for the …