GFH Financial Group B.S.C. has announced an increase in its ownership stake in Khaleeji Bank B.S.C., raising its shareholding from 57.95% to 82.95%, a significant 25% increase. The transaction became effective on September 30, 2024. This strategic move strengthens GFH’s control over Khaleeji Bank, reflecting the group’s ongoing efforts to consolidate its position within the banking sector.
The investment is expected to have a positive impact on GFH Financial Group’s financial performance, contributing to increased returns in the near future.
GFH Financial Group B.S.C. is a prominent financial group offering investment banking services, commercial banking, and wealth management across the Middle East and North Africa (MENA) region.
