By: Amr Adel
Manama-Mubasher: GFH Financial Group intends to complete new acquisitions in leading markets including Saudi Arabia, UAE, and US during the year 2016, chairman Ahmed Al-Mutawa said on the sidelines of The World Islamic Banking Conference 2015 held in Bahrain.
He added that one acquisition deal in KSA is expected to be accomplished in the second half of 2016.
The group is seeking to execute an acquisition in UAE by the first half of 2016, covering the sectors of education and real estate.
GFH is currently targeting an industrial property takeover in America, as it is expected to be sealed by the first quarter of 2016, the chairman said, noting that this step followed its successful experience in the residential and commercial property fields.
