Dubai – Mubasher: GFH Financial Group’s stock fell 2.25% to AED 1.74 by 10:40 am UAE time, after 4.42 million shares were exchanged, at a turnover of AED 7.83 million, registering its lowest level in nine months, or since 30 November 2016.
The stock dropped after Al Enmaa Real Estate stated on Sunday that 2.31 million of GFH’s shares were allocated to Al Enmaa, as part of an exchange offer in return for Al Enmaa’s ownership in a mega project in Tangier, Morocco.
