Mubasher: GFH Capital (GFH) has recently distributed semi-annual dividends for a number of investments and funds, based on the company’s progressive dividend distribution policy, according to a statement.
The dividends were paid to investors of GFH funds which involved investments in UAE’s Philadelphia Private School and Sheffield Private School, Saudi Arabia’s Event Mall in Jeddah, Diversified U.S. Residential Portfolio – DURP.
Investors received an annual return of 9% from DURP, 11% from the mall in Jeddah Mall, 7% from Dubai’s Philadelphia Private School and 9% from Sheffield Private School.
“The steady returns from these four assets are a testimony of our strong investment decision making in recent years. In this challenging macro environment, GFH will continue diversifying across asset classes and geographies, to maximize investor returns in 2016 and beyond,” said Managing Director of GFH Capital Hisham Alrayes.
GFH has recently approved the takeover of U.S. Industrial Real Estate Portfolio with 8.5% annual yield, and a well-known bakery and sweets factory in Jeddah, KSA, with expected internal rate of return (IRR) of 17.5% per annum.
