UAE-Mubasher: GFH Financial Group has reiterated a statement by its Chairman Ahmed A-Mutawa that the Bahraini group is preparing to expand in a number of countries including Saudi Arabia.
Al-Mutawa had previously told Mubasher, during The World Islamic Banking Conference 2015 held in Bahrain, that one acquisition deal in KSA is expected to be accomplished in the second half of 2016.
Another acquisition in UAE is projected to take place in the first half of 2016, covering the sectors of education and real estate, he noted.
He said that GFH is currently targeting an industrial property takeover in America, expecting that it will be sealed by the first quarter of 2016.
