Dubai-Mubasher: GFH Financial Group confirmed the statements made by CEO Hisham Al Rayes regarding GFH’s plans for development of its real-estate portfolio in Bahrain and Dubai under a specialised company named “GFH Real Estate”.
“The company will have initial assets and capital worth $40 million and shall manage GFH assets in Bahrain and Dubai with value exceeding $300 million including the Harbour Row, Harbour North and Dubai California Village,” according to a bourse filing issued on Tuesday.
The Bahraini group intends to develop of the remaining phases of Harbour Row, a residential project located in the waterfront area of the Bahrain Financial Harbour, before the end of 2016, with development worth $150 million.
