Mubasher: GFH Financial Group has signed an agreement to acquire an 85% stake in The Entertainer, a lifestyle and advertisement app.
The Entertainer serves a huge number of consumers in 15 countries across the Middle East, Europe, Asia, and Africa, providing them with offers and savings at restaurants, attractions, leisure activities, and golf clubs.
“Investing in high-growth technology-based companies is now among the cornerstones of GFH’s investment strategy,” GFH’s CEO Hisham Alrayes commented.
The Dubai-, Bahrain-, and Kuwait-listed company did not reveal the deal’s value.
"We’re delighted that GFH has seen our huge growth potential as both a company and a technology platform and that their aim is to support and accelerate the growth of the Entertainer,” The Entertainer’s founder and chairman Donna Benton said.
