The GFH Group included in the Dubai Financial Market, an increase in its ownership in the Gulf Commercial Bank of 55.4% to about 69%.
According to Arab Net, the group has acquired these quotas from the Capital beam and the Goldilocks box run by beam.
GFH has predicted that this acquisition has a positive impact on its results, without disclosing the value of the transaction.
The group had acquired a majority stake in Roebuck Asset Management specialized in managing logistics and commercial spaces in Britain and Europe.
Roebuck has a total value of an investment of $ 1.9 billion, covering an increase of 15 million square feet.
The GFH Financial Group has announced a net profit during 2020, reaching $ 45.1 million, compared with $ 66.03 million in 2019, a decline of 31.7%.
