GFH raises its ownership in Gulf Bank to 69.05%

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GFH Financial Group said that it increased its ownership percentage in Khaleeji Commercial Bank from 55.41% to 69.05%.

The company explained in a statement to the Dubai Financial Market that this acquisition comes in line with the group’s strategy to increase its ownership in Khaleeji Commercial Bank.

The company noted that this acquisition is expected to have a positive impact on the group’s profits.

Today, Shuaa Capital announced the sale of its stake of 34.648 million shares, representing about 3.8% of Khaleeji Commercial Bank, to GFH Financial Group.

The Goldilocks Fund, managed by Shuaa GMC Limited, a subsidiary of Shuaa, sold a share of 87.078 million shares, representing about 9.76% of Khaleeji Commercial Bank, to GFH Financial Group.







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