Mubasher: GFH Financial Group has disclosed an announcement, based on a request from the Dubai Financial Market (DFM), that the group and its clients will invest $150 million in The Entertainer, the incentives provider and lifestyle app.
This investment is considered one of GFH’s major business activity in private shares, according to a bourse statement on Thursday.
GFH will own a stake ranging from 5% to 10% in this investment.
The group, which is listed on Boursa Kuwait, Bahrain Bourse, and the DFM, expected a financial impact exceeding 20% over the investment period which is estimated at five years.
