GulfBase Live Support
19/04/2016 08:13 AST
GFH Financial Group (GFH) yesterday organised an investor awareness session in collaboration with Bahrain Bourse (BHB), to present the group’s future prospects to current and potential investors.
The awareness session with investors, brokers and financial institutions was conducted at BHB premises in Bahrain Financial Harbour. The session included presentations about GFH’s growth, investments, latest developments and future plans. Participants also heard from GFH’s senior management team about the group’s financial position, quality of assets and potential sukuk offering.
During the session, GFH assured that it would endeavour to recover during the course of this year 30 to 40 per cent from its $150 million awarded legal claims against various parties including former chairman of the bank.
GFH has confirmed that the process of identifying potential acquisition targets within the regional financial industry is ongoing, and this forms part of the group’s strategy.
GFH has also announced its intention to list Falcon Cement Company this year at BHB subject to obtaining regulatory approvals.
GFH chief executive Hisham Alrayes thanked BHB chief executive Shaikh Khalifa bin Ebrahim Al Khalifa for organising the session and stressed the importance of such sessions in assisting shareholders and investors of the bank to understand exact financial position of the companies listed at the bourse and their prospects.
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