GFH Financial Group would like to advise its shareholders and the markets that S&P Global Ratings has conducted its assessment of the Group and assigned it with a ‘B-‘ long-term issuer credit rating with a stable outlook. The report looked at the Group’s four distinct business segments that include: Investment Banking, Commercial Banking, via its subsidiary Khaleeji Commercial Bank (KHCB); Real Estate Development, and Treasury and Proprietary Investments.

The management are pleased with the recognition from the rating agency on GFH’s solid treasury portfolio and strong liquidity position even though global and regional markets are being impacted severally due to the economic repercussions arising from the global health issue. This further demonstrates the success of management in diversifying GFH’s business lines enabling the Group to withstand and overcome any market conditions. The management will continue to execute the Group’s strategy with the aim of enhancing results and delivering greater value to the Group’s shareholder and investors in the coming year.