Mubasher: GFH Financial Group has confirmed the statements made by the CEO as published on the Gulf Newspaper on 30 April 2017, according to a bourse statement issued on Dubai Financial Market (DFM).
GFH intends to become a financial group that consists of a number of specialised financial institutions, including commercial and investment banking.
It also confirmed the CEO’s statement of not reaching an agreement on selling part of the real estate portfolio to the UAE Eshraq Properties, which is listed on ADX, against holding an equity stake in the company itself.
Based on an acceptable form of disclosure reached with Boursa Kuwait, GFH has canceled its intention to delist from Boursa Kuwait, the bourse statement added.
GFH said that it is still in negotiations over purchasing the majority stake in the UAE Shuaa Capital, which is listed on DFM, and no final decision or agreement has been reached yet by the group in this regard.
“The group has strategic plans for the next few years to acquire new assets that would ensure better return for investors in future,” GFH said.
