GFH Financial Group B.S.C. Explores Potential Acquisition of Portfolios from Ithmaar Holding B.S.C.

GFH Financial Group B.S.C., a well-established financial group in the GCC region, has recently announced that they are in ongoing discussions to acquire financing and investment portfolios from Ithmaar Holding B.S.C. This move could potentially expand GFH's investment banking services, which have been recognized internationally for over a decade.

The transaction structure and definitive documents are currently being finalized. Ithmaar is also arranging an Extraordinary General Meeting for shareholder approval. The discussions are subject to due diligence and regulatory approvals. Shareholders will be regularly updated on any further developments.

Established in 1999, GFH has a diversified offering and pioneering track record in Investment Management; Commercial Banking; and Treasury & Proprietary Investments across the GCC. Its strategic investments extend to the US, Europe, and UK. The company is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX).

With a market cap of 3,610,303,395 and a stable yield over the past month and three months, GFH has shown steady performance. However, the potential acquisition of portfolios from Ithmaar could introduce new variables to the company's financial landscape. Investors should carefully consider these factors when deciding whether to buy, sell, or hold GFH's financial instruments.