GFH Financial Group raised its stake in the Global Bank from 28.6% to 50.4%, after the Central Bank of Bahrain agreed to increase its stake to up to 60%. / p>
According to Reuters, the group stated in a statement that the total assets of the global bank amounted to $ 125 million, while the value of assets under its management amounted to about $ 500 million as of June. 2020, but the statement did not mention the value of the deal. The Global Bank is an investment bank that provides Sharia-compliant services.
the group stated in the statement. This acquisition comes in line with the group's growth strategy and takes advantage of attractive opportunities to achieve the maximum return for shareholders.
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