GFH Financial Group BSC (GFH`B)

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News

1 August 2022 09:20 AM GFH's unit pens JV deal worth EUR 400m

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 …

Real estate

18 July 2022 04:30 PM GFH acts joint lead manager on Dar Alarkan's $400m Sukuk issuance

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 …

Companies Investments

6 July 2022 03:26 PM GFH acquires $300m student housing portfolio in US

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 …

Companies Investments

13 June 2022 09:43 AM DFM launches new equity futures on stocks of DEWA, GFH

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 …

Companies Investments

12 June 2022 09:46 AM Fitch affirms GFH's 'B' long, short-term IDR; outlook stable

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 …

Ratings

17 May 2022 00:00 PM GFH raises stake in GB Corp for $2m

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 …

Companies Investments

15 May 2022 04:51 PM GFH's profits up 18.5% in Q1-22

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 …

Financial Results

9 May 2022 01:21 PM GFH acquires stake in US-based SQ Company

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 …

Mergers and Acquisitions

24 April 2022 03:22 PM GFH to start trading on ADX next month

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 …

Companies Investments

13 April 2022 11:16 AM GFH's unit sells Tesco Distribution Centre for $135m

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 …

Companies Investments

5 April 2022 02:23 PM GFH appoints new Chairman, Vice Chairman

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 …

Trading Activities

4 April 2022 02:00 PM GFH approves shares cross-listing on Tadawul, ADX

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 …

Management Decisions

3 April 2022 04:19 PM GFH's shareholders approve $60m dividends, bonus for 2021

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 …

Cash Dividends

28 March 2022 09:28 AM GFH's unit issues $900m green Sukuk

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 …

Sukuk and Islamic Finance

21 February 2022 01:34 PM GFH launches $100m Sukuk fund

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 …

Sukuk and Islamic Finance

10 February 2022 09:53 AM GFH posts 87% higher profits in 2021; dividends proposed

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 …

Financial Results

31 January 2022 10:01 AM GFH's unit completes exit from Amazon portfolio in Spain

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 …

Companies Investments

17 January 2022 09:49 AM GFH to spin out infrastructure, real estate assets under Infracorp

Mubasher: GFH Financial Group will spin out its infrastructure and real estate assets under the recently-launched company Infracorp to boost the growth of sustainable and environmental infrastructure assets across the Gulf and global markets. The …

Companies Investments

12 December 2021 06:20 PM GFH teams up with Wafra to acquire logistics assets in US

Mubasher: GFH Financial Group, listed on the Dubai Financial Market (DFM), Boursa Kuwait, and Bahrain Bourse, has partnered with Kuwait-Based Wafra International Investment Company to acquire a portfolio of US logistics assets leased to FedEx and …

Companies Investments

30 November 2021 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 …

Mergers and Acquisitions

15 November 2021 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 …

Mergers and Acquisitions

14 November 2021 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  …

Financial Results

8 November 2021 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 …

Companies Investments

4 November 2021 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, …

Mergers and Acquisitions

31 October 2021 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 …

Real estate