GFH spins out infrastructure business

Bahrain-based asset manager GFH Financial Group has announced the establishment of a separate infrastructure and real assets group.

The newly-named Infracorp will have a portfolio of infrastructure assets and develop[ed valued at more than US$3 billion.

The company will focus on investments in developing communities; logistics; renewable technologies; and social infrastructure assets in the education and healthcare sectors.

There are also plans to list on the GCC Exchange within the next two years and also issue green sukuk.

According to GFH chief executive Hisham Alrayes, the move is in response to the need for private sector investment in the sustainable infrastructure.

“Unprecedented levels of capital are needed to both upgrade and develop sustainable foundations and Infracorp is well placed to put its capital, insight and ethos into investments that support sustainable growth,” said Alrayes.

©2022 funds global mena

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