Kuwait – Mubasher: GFH Financial Group has confirmed the news published in regional newspapers over the CEO’s statements about raising the group’s assets under management (AUM) from $3.5 billion to between $5 billion and $6 billion during 2017.
GFH also confirmed the statement about the current acquisition plans, including $100 million to $200 million in takeover transactions in the financial sector, according to a bourse statement issued on Monday.
In addition, GFH is considering acquisition deals in the infrastructure and strategic assets segments at a value ranging from $200 million to $300 million.
