Mubasher: GFH Financial Group intends to negotiate over acquiring new educational assets in 2018, the CEO of GFH, Hisham Al Rayes, said, as reported by The National Newspaper.
Al Rayes clarified that GFH, which is listed on Bahrain Bourse, Boursa Kuwait, and the Dubai Financial Market (DFM), aims to acquire schools in Kuwait, Bahrain, and the UAE.
Furthermore, GFH plans to execute takeover deals in the technology sector, with the future acquisition scheduled to be in the UAE, The National added.
GFH also mulls acquiring a local bank in the UAE, Al Rayes said.
Recently, GFH has signed an acquisition deal on the UK’s Inspired for a total value of $150 million, generating a net profit of $50 million.
