Dubai – Mubasher: Adel Ibrahim Al Hosani raised its stake in GFH Financial Group from 5.88% to 5.95%, according to data by the Dubai Financial Market (DFM).
The shareholder had also increased its stake in the company on Tuesday from 5.35% to 5.88%.
In late February, Adel Ibrahim Al Hosani has become one of the major shareholders in GFH after acquiring a 5.03% stake in the group, equivalent to 11.3 million shares.
The company’s stock fell 1.1% to AED 2.7 on Wednesday, with a turnover of AED 176.39 million.
