GFH increases its ownership stake in Global Bank by more than half

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She said GFH Financial GroupAnd, based in Bahrain, it raised its stake in the Global Bank to 50.4 percent from 28.6 percent after the Bahraini Central Bank agreed to increase its stake to up to 60 percent.

The group stated in a statement, to the Bahrain Stock Exchange, that the total assets of the Global Bank amounted to $ 125 million, while the value of the assets under management was about $ 500 million as of June 2020.

It is noteworthy that the Global Bank is an investment bank established in the Kingdom of Bahrain and that operates in the Arab Gulf states and global markets and provides Sharia-compliant services.

“This acquisition is in line with the group’s growth strategy and taking advantage of attractive opportunities to maximize shareholder return,” the group said in the statement.

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