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FINANCIAL NEWS
GFH Bahrain finishes USD1.2bn acquisition for infrastructure portfolio
16 Aug 2017
(MENAFN) Bahrain’s GFH Financial Group proclaimed that it has finished the purchase of USD1.2bn infrastructure portfolio in Africa and Mideast.
Meanwhile, the acquisition comes as part of GFH’s new plan confirmed in the last shareholders’ extraordinary general meeting in March this year.
Moreover, the purchase has been funded by USD315mn capital increase taking GFH issued and paid up capital to USD975mn.
Additionally, the portfolio needed will make GFH one of the key land banks with more than 200mn square feet through Africa, GCC and India.
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