Dubai – Mubasher: GFH Financial Group intends to raise the capital to acquire infrastructure assets, according to a bourse statement.
The capital increase will be by the issuance of new shares at the company's fair value at rate of AED 3.5 per share.
Only shareholders of the infrastructure assets will be entitled for the new shares of GFH.
The 300 million share issuance is a provisional sum, specified following Central Bank of Bahrain (CBB) directives to include a cap figure for this resolution.
