GFH plans acquisition of Ithmaar Holdings assets

Bahrain-based investment firm GFH Financial is planning to acquire the investment and financing portfolios of another Bahrain-based institution, Ithmaar Holdings.

GFH made the announcement via a filing on the Bahrain Bourse.

Discussions are currently underway to finalise the transaction structure, which is still subject to regulatory approvals.

GFH acquires real estate asset manager

Ithmaar Holding to get $300m capital injection

According to GFH, the transaction is expected to have a “positive and significant impact” on the firm’s financials and increase its returns.

GFH and Ithamaar Holdings are listed on various exchanges across the region in addition to their presence on the Bahrain Bourse.

Both firms posted a profit in 2023, US$105.23 million for GFH and $13.35 million for Ithmaar Holding.

Related Articles