GFH Financial Group, an investment firm headquartered in Bahrain, has made a significant move by acquiring a 12.346% stake in Seef Properties, as disclosed in a recent disclosure to the Dubai Financial Market. On the heels of this strategic acquisition, GFH also sold a 6.11% share of its stake in Bahrain’s Khaleeji Bank. Further diversifying its portfolio, the firm is actively engaged in discussions to take over financing and investment portfolios owned by Ithmaar Holding. The acquisition of the stake in Seef Properties aligns with GFH’s growth objectives, even as Seef declared a net profit and comprehensive income attributable to its parent company that amounted to 1.4 million Bahraini Dinar ($3.7 million) for Q1 2024. The figure represents a slight downturn from the previous year’s comparable quarter, showcasing a decrease of 10.6%. These movements from GFH Financial Group signify a targeted strategy to alter its holdings, leaning towards potential growth in the real estate sector within Bahrain’s economic landscape.

Financial Services, Real Estate,Bahrain

https://www.zawya.com/en/markets/equities/bahrains-gfh-acquires-12346-stake-in-seef-properties-wk3o6efv