{"id":89130,"date":"2020-08-24T21:08:46","date_gmt":"2020-08-24T18:08:46","guid":{"rendered":"http:\/\/gfh.com\/?post_type=notification&p=89130"},"modified":"2020-08-24T21:08:46","modified_gmt":"2020-08-24T18:08:46","slug":"gfh-completes-acquisition-of-global-banking-corporation-2","status":"publish","type":"notification","link":"https:\/\/gfh.com\/ar\/notification\/gfh-completes-acquisition-of-global-banking-corporation-2\/","title":{"rendered":"GFH Completes Acquisition of Global Banking Corporation"},"content":{"rendered":"

With reference to the previous disclosure dated 23rd August 2020 pertaining to the subject, GFH Financial Group would like to inform its shareholders and the markets that it had initiated the transaction for the acquisition of an additional 21.8% stake in Global Banking Corporation B.S.C. (\u201cGB Corp\u201d) in the month of January 2020, giving the Group a majority stake of 50.4%. The acquisition has been done through several deals with a total value of US$21.6 million, and GB Corp\u2019s shareholders\u2019 approval was obtained in March 2020.<\/p>\n

It is worth to mention that the process of shares registration will be reflected with the change of license of GB Corp to an Investment Firm license, thus, the disclosure on the acquisition has been made after obtaining the approval of the concerned authorities.<\/p>\n

The acquisition of additional stake in GBCORP resulted in a bargain purchase and the Group has recognized negative goodwill of US$ 8,418 thousand and net cash inflow of US$ 32,856 thousand.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"class_list":["post-89130","notification","type-notification","status-publish","hentry"],"acf":[],"yoast_head":"\nGFH Completes Acquisition of Global Banking Corporation - \u062c\u064a \u0625\u0641 \u0625\u062a\u0634<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gfh.com\/notification\/gfh-completes-acquisition-of-global-banking-corporation-2\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GFH Completes Acquisition of Global Banking Corporation\" \/>\n<meta property=\"og:description\" content=\"With reference to the previous disclosure dated 23rd August 2020 pertaining to the subject, GFH Financial Group would like to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gfh.com\/notification\/gfh-completes-acquisition-of-global-banking-corporation-2\/\" \/>\n<meta property=\"og:site_name\" content=\"\u062c\u064a \u0625\u0641 \u0625\u062a\u0634\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GFHFinancialGroupBSC\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@GFH_BSC\" \/>\n<meta name=\"twitter:label1\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u062f\u0642\u064a\u0642\u0629\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gfh.com\\\/notification\\\/gfh-completes-acquisition-of-global-banking-corporation-2\\\/\",\"url\":\"https:\\\/\\\/gfh.com\\\/notification\\\/gfh-completes-acquisition-of-global-banking-corporation-2\\\/\",\"name\":\"GFH Completes Acquisition of Global Banking Corporation - 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