Dubai – Mubasher: GFH Financial Group, triple listed in Bahrain, Dubai and Kuwait bourses, plans to enter acquisitions worth $1.5 billion during the current year and the upcoming year, said Hisham Ahmed Al Rayes, CEO in an interview with Mubasher.
“The group currently studies four to five new potential acquisition opportunities in 2017 within the financial field as well as the infrastructure field in India, North Africa, Bahrain and other countries,” added CEO.
The acquisitions comes in the framework of expanding the group’s general budget for the upcoming three years, in addition to boosting the owners’ equity by two and half, noted Al Rayes.
GFH reported earlier net profits of $213.2 million for the fourth quarter of 2016, against losses of $9.6 million for the comparable period of the previous year.
