Mubasher: GFH Financial Group said that its subsidiary, GFH Capital, in the UAE has exited a real estate portfolio in Atlanta City, in the US.
The deal is worth more than $43 million, according to a bourse statement issued on Tuesday.
GFH clarified that it has acquired this real estate portfolio three years ago, and that the success of this exiting deal is attributed to the fair growth of the real estate market in Atlanta.
The financial impact from this deal will be realised in the third quarter of fiscal year 2017, the statement added.
