dayofdubai | Abu Dhabi Financial Groups Integrated Capital PJSC increases stake in GFH Financial Group BSC to 10%

Monday, Jun 19, 2023
Hijri Date
℃ Dubai, UAE

Business

ID Number 19827
Aug 08, 2023
202

Abu Dhabi Financial Groups Integrated Capital PJSC increases stake in GFH Financial Group BSC to 10%

Abu Dhabi Financial Group ("ADFG"), today announces that Integrated Capital, its capital markets arm, has increased its stake in the Bahrain-headquartered GFH Financial Group BSC ("GFH") to 10 % on DFM. Integrated Capital is now the largest shareholder in GFH, a well-recognized financial group in the GCC area. Integrated Capital will be available to GFH's management group to participate in cooperation mechanisms to extract additional value for all public shareholders of the Company.

Considering that 2015, Integrated Capital has actually been active in the UAE equity capital markets taking prominent shareholder positions in noted business to enable change, extract additional value and enhance locations like company advancement, corporate governance and strategic transformation of the businesses. In recent months, Integrated Capital revealed a stake in Gulf Navigation Holding PJSC and has actually given that supported considerable changes within the company.

ADFG's tested expertise and prominent footprint in the investment management and financial services realm, regionally and internationally, has actually had an excellent track record.

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