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27/02/2018 06:14 AST
Bahrain-based investment firm GFH Financial hopes in future to develop business in Saudi Arabia, the company's new chairman told Al Arabiya television on Monday. Jasem Al Seddiqi, who is also chief executive of Abu Dhabi Financial Group, was speaking after he was elected chairman of GFH's board. ADFG owns nearly half of Shuaa Capital; GFH and Shuaa held merger discussions last year but talks were called off in June.
Al Seddiqi said on Monday: "GFH and Shuaa have M&A strategies which were announced more than a year ago and both companies are looking for M&A opportunities. But each stage has its data, its characteristics and its details.
"There was discussion last year but that discussion did not produce anything clear. Currently we at GFH are looking at other acquisitions."
Gulf News
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GFH Financial Group (GFH) today announced that its shareholders have approved the distribution of 8.72 per cent cash dividends totalling $85 million.
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GFH Financial Group has announced that its 100 per cent owned subsidiary GFH Capital Limited has agreed to sell its 70 per cent stake in the Dubai-based Philadelphia Private School (PPS), which it ac
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GFH Financial Group said on Sunday its recent partnership with Bahrain Fintech Bay (BFB) as a founding partner of a fintech hub in the Middle East and Africa (Mena) region will drive innovation and c
Gulf News
Ticker | Price | Volume |
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Ticker | Price | Change |
---|---|---|
IHC | 400.00 | 0.00 (0.00 |
FAB | 15.90 | -0.26 (-1.61 |
EMIRATESNBD | 24.60 | -0.05 (-0.21 |
ADCB | 14.86 | 0.26 (1.78 |
ADIB | 22.12 | 0.14 (0.63 |
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