GFH: Raising the ownership stake in the Global Bank to 50.4%

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Bahrain-based financial group GFH said in a statement that it had 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 statement said that the total assets of the global bank amounted to $ 125 million, while the value of the assets under its management amounted to about $ 500 million until June 2020, but the statement did not mention the value of the deal, according to “Reuters”.

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





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