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02/02/2016 08:09 AST
GFH Capital, a Dubai-based investment bank and subsidiary of Bahrain-based GFH Financial Group, yesterday announced it has distributed semi-annual dividends for a number of its investments and funds in line with its dividend distribution policy.
The dividends were paid to investors of GFH funds with underlying investments in the UAE (Philadelphia Private School and Sheffield Private School), Saudi Arabia (Event Mall in Jeddah) and the US (Diversified US Residential Portfolio - DURP).
Investors received an annual return of nine per cent from DURP, 11pc from the Jeddah mall, 7pc from Dubai’s Philadelphia Private School and 9pc from Sheffield Private School.
“The steady returns from these four assets are a testimony of our strong investment decision-making in recent years,” said GFH Capital managing director Hisham Alrayes.
“In this challenging macro environment, we will continue diversifying across asset classes and geographies, to maximise investor returns this year and beyond.”
GFH Capital has recently agreed to acquire US Industrial Real Estate Portfolio with 8.5pc annual yield, and a well-known bakery and sweets factory in Jeddah, with expected internal rate of return of 17.5pc annually.
The firm has undertaken and structured investments of more than $3 billion in over 40 companies across 25 countries.
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