Mubasher: GFH Financial Group has decided to pull back from discussions to buy the Dubai-based Shuaa Capital, according to a bourse filing.
The company did not reveal the reason behind the decision in its statement to the Bahrain Bourse on Sunday, adding that it will the shareholders with the decision.
In March, the Dubai and Bahrain-listed financial group announced entering into talks with a number of financial institutions, including Shuaa capital, for a possible acquisition or merger.
