By: Amr Adel
Dubai – Mubasher: GFH Financial Group plans to raise its assets under management (AUM) from $3.5 billion to between $5 billion and $6 billion during 2017, the CEO of GFH, Hisham Al-Rayes, told Mubasher.
This increase will be based on completing a number of acquisition deals in both the financial services and infrastructure sectors, the CEO said in a phone interview with Mubasher on Friday.
GFH is currently considering two takeover deals in the financial segment this year, at a value ranging from $100 million to $200 million, Al-Rayes noted.
In the field of infrastructure and strategic assets, GFH is studying three to four acquisition opportunities at a value ranging between $200 million and $300 million, the CEO told Mubasher.
In a previous interview with Mubasher, the CEO of GFH clarified that the financial group plans to seal acquisition deals worth $1.5 billion in 2017 and 2018.
