Press Releases - GFH Financial Group

10 August 2023GFH REPORTS A 29.5% INCREASE IN NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS FOR THE FIRST HALF OF 2023 TOTALING US$54.62 MILLION

18 June 2023GFH Launches GFH Partners to Further Expand the Base of Partners in the Global Portfolio and Real Estate Assets Management

6 June 2023GFH Ratings Affirmed by Fitch at ‘B’; Outlook Stable

6 June 2023GFH Inaugurates its 58 Avenue Afforestation Initiative in Seef District

29 May 2023GFH Signs Strategic Partnership with FII Institute

11 May 2023GFH Reports Net Profit of US$24.01 Million Attributed to Shareholders for First Quarter of 2023

26 March 2023GFH Concludes AGM with Shareholders Approving 6% Cash Dividends

9 February 2023GFH Reports Net Profit of US$90.25 Million Attributed to Shareholders for 2022

31 January 2023World Aquatics Announces Centre of Excellence at the University of Technology Bahrain

11 January 2023Infracorp – GFH’s infrastructure platform invests with Equitix in electricity distribution

3 January 2023GFH Acquires Big Sky Asset Management

27 December 2022GFH’s Ratings Upgraded by S&P to ‘B’ on Resilient Business and Financial Performance, Outlook Stable

16 November 2022GFH Hosts London Investor Conference on Opportunities in European and US Real Estate

9 November 2022GFH Reports Net Profit Attributable To Shareholders Of US$66.24 Million For First Nine Months Of 2022

26 October 2022GFH Announced as Diamond Sponsor of IRONMAN 70.3 Middle East Championship Bahrain

11 October 2022GFH Acquires Second US Medical Clinics Portfolio Valued at US$400 Million

10 August 2022GFH Net Profit Attributable to Shareholders of US$42.18 Million For First Half of 2022

31 July 2022GFH UK Subsidiary Roebuck Signs €400 million JV with ICG

18 July 2022GFH Acts as Joint Lead Manager on Dar Al Arkan’s US$400 Million Sukuk Issuance

6 July 2022GFH Acquires c.US$300 Million US Student Housing Portfolio

22 June 2022Infracorp Reports $6.2m Profit in Q1 2022

31 May 2022Abu Dhabi Securities Exchange (ADX) Lists GFH

11 May 2022GFH reports net profit of US$19.11 million attributed to shareholders for first quarter of 2022

9 May 2022GFH expands global operations in the US by acquiring a majority stake of SQ Asset Management

24 April 2022GFH to List its Shares on the Abu Dhabi Securities Exchange in May

17 April 2022GFH launches “Prime” programme to reward top shareholders

12 April 2022GFH’s subsidiary sells Tesco logistics park in UK for $135 million

5 April 2022GFH Appoints Ghazi Al Hajeri as Chairman

3 April 2022GFH Shareholders Approve $60 Million Dividend in Cash and Bonus Shares

27 March 2022“Infracorp” lists US$900 million green sukuk on London Exchange

28 February 2022GFH’s Rating Affirmed and Outlook Revised to Positive by S&P

21 February 2022GFH launches GCC $100m Sukuk Fund

9 February 2022GFH Reports Net Profit of US$84.22 Million Attributed to Shareholders for 2021

29 January 2022GFH completes early exit of Amazon portfolio in Spain amid booming demand for warehousing

16 January 2022GFH Spins Out Infrastructure Investments into Newly Established “Infracorp”

11 December 2021GFH and Wafra Interational Create Strategic Partnership to Acquire Portfolio of FedEx US Logistics Assets

30 November 2021GFH acquires $200m medical offices portfolio in the US leased to Cleveland Clinic and Texas A&M University

22 November 2021GFH named as region’s top Islamic investment bank by MEA Finance Awards

15 November 2021GFH acquires majority stake in the UAE’S leading multi-specialty healthcare provider

11 November 2021GFH’s Net Profit Attributable to Shareholders Rises 160.4% to US$60.34 Million for the First Nine Months of 2021

10 November 2021GFH Properties backs plans to launch Cityscape Bahrain real estate event

8 November 2021GFH exits US Tech Offices Portfolio with over 50% gross returns in less than 2 years

3 November 2021GFH acquires a $2 billion portfolio of Amazon designated logistics warehouses in the US

30 October 2021GFH’s US property portfolio gathers momentum on back of $90m deal for Baltimore residential site

24 October 2021GFH starts strategic partnership with Schroders Capital

14 October 2021GFH Holds Ordinary and Extraordinary General Meetings

12 October 2021Harbour Heights named Bahrain’s ‘best residential high-rise development’ at Africa & Arabia Property Awards

6 October 2021GFH Financial Group’s outlook upgraded to Stable following global acquisitions and reduced credit risk

28 September 2021GFH Appoints Tariq Al Samahiji as CEO of London-Based UK Operations

7 September 2021GFH Signs $200m Multifamily Residential Deal in the US

12 August 2021GFH’s Net Profit Attributable to Shareholders Rises 146.1% to US$37.04 Million for First Half of 2021

10 July 2021GFH Acquires US Based Student Housing Portfolio

3 July 2021GFH Closes Its Second Technology Portfolio Investment in Less than a Year

26 June 2021GFH Acquires Mission Critical FedEx Logistics Facility in Ohio

19 June 2021GFH Successfully Exits From US Industrial Portfolio

8 June 2021GFH’s Britus Education Acquires The British International School of Tunis Expanding the Group’s Investments in Tunisia

11 May 2021GFH Reports Net Profit of US$16.12 Million Attributed to Shareholders for the First Quarter of 2021

24 April 2021GFH Sells UK-Based Prime Logistics Park for US$123 Million

6 April 2021GFH Shareholders Approve US$42 Million Dividend in Cash and Bonus Shares

24 March 2021GFH Joins Bahrain Bourse’s Murabaha Service Opening New Sharia’a-Compliant Solutions and Trading Opportunities

23 February 2021GFH Acquires Mission Critical Chicago Distribution Centre

15 February 2021GFH Reports Net Profit of US$45.1 Million Attributed to Shareholders for 2020

16 January 2021GFH Acquires Lulu Anchored Mall in Hidd City

26 December 2020GFH Acquires Roebuck, A Specialised Logistics & Real Estate Asset Manager in the UK

21 December 2020GFH Acquires Amazon Designated Logistics Warehouses

8 December 2020GFH Acquires AMA International University-Bahrain

30 November 2020GFH Acquires Athena Private School for Special Education

18 November 2020GFH Successfully Closes US & Global Tech Opportunities Subscription

12 November 2020GFH Reports Net Profit of US$23.17 Million Attributed to Shareholders for the First Nine Months of 2020

30 September 2020GFH Holds Ordinary General Meeting of Shareholders

24 August 2020GFH Increases GB Corp Shareholding to Majority Stake of 50.4%

17 August 2020GFH Reports Financial Results for First Half 2020

29 June 2020Villamar Rebrands to “Harbour Heights” Reflecting Continued Upgrading and Advancement of the Iconic Project

20 June 2020GFH Financial Group Ratings Reaffirmed by Fitch Ratings

22 April 2020GFH Announces US$1 Million Donation to the ‘Feena Khair’ Campaign to Fight the Spread of COVID-19 in Bahrain

13 April 2020GFH Announces the Appointment of Ali Murad and Ahmed Alahmadi to its Board of Directors

6 April 2020GFH AGM Approves Distribution of US$30 Million Cash Dividend to Shareholders

2 March 2020GFH Properties Announces Signing of Top International Retail Brands to Harbour Row

25 February 2020GFH Financial Group rings market-opening bell at Nasdaq Dubai to celebrate listing USD 300 million Sukuk

18 February 2020GFH Acquires 70% Stake in Marshal; the MENA Region’s Leading Enabler of Payment Technologies

12 February 2020GFH Reports Net Profit of US$ 80.1 Million Attributed to Shareholders for 2019

9 February 2020GFH Invests Approximately $250M in US Hospitality Sector With Acquisition of the Hospitality Portfolio

22 January 2020GFH Financial Group B.S.C. Successfully Prices Landmark US$ 300 Million 5-Year Sukuk

11 January 2020GFH Properties Begins Handover of 150 Residences at Villamar

29 December 2019GFH Holds Ordinary General Meeting of Shareholders

25 December 2019S&P Initiates Coverage of GFH With ‘B’ Long-Term Issuer Rating and Stable Outlook

22 December 2019GFH Appoints Shaikh Hamed Al Khalifa as CEO of GFH Properties

11 December 2019GFH Fiduciary Ratings Reaffirmed by IIRA

3 December 2019GFH Wins Best Islamic Investment Bank at WIBC 2019 Performance Awards

27 November 2019GFH Launches Britus Education Platform with High Level Education Roundtable at WIBC

13 November 2019GFH Reports Results for the Third Quarter and First Nine Months of 2019

3 November 2019GFH Appoints Mohamed Khonji as Senior Executive Officer

26 September 2019GFH’s Long Term Ratings by CI Ratings Affirmed at ‘BB’ With a ‘Stable’ Outlook

8 August 2019GFH Records Net Profit Attributable to Shareholders of US $49.1 Million for the First Half of 2019

22 July 2019GFH Acquires a US $180 Million Healthcare Portfolio in the United States

16 July 2019GFH Acquires US$ 100+ Million Tech Offices Portfolio in US

30 June 2019Fitch Affirms GFH Rating at ‘B’ And Maintains Outlook As Stable

13 May 2019GFH Records Net Profit Attributable To Shareholders Of US $ 21.36 Million For The First Quarter 2019

5 May 2019GFH Launches “XLR8” To Promote The Development Of Sporting Events And Initiatives In The Kingdom Of Bahrain

8 April 2019GFH Brings Top CEO Conference & Awards to Bahrain as Country Host

29 March 2019GFH AGM Approves Distribution of US $85 Million in Dividends of Cash & Bonus Shares

13 February 2019GFH Signs US $100 Million Real Estate Exit Deal with Terra

11 February 2019GFH Reports Net Profit of US $114.08 Million Attributed to Shareholders for 2018

28 January 2019GFH Backs Saudi Arabian Business Awards as Gold Sponsors

16 January 2019GFH Acquires London Westside Business Park

29 December 2018GFH Group Ratings Reaffirmed By Islamic International Rating Agency

17 December 2018GFH Awarded Best Investment Bank -Middle East

13 November 2018GFH Net Profit Attributable to Shareholders Rises 18.6% to US $103.44 Million for the First Nine Months of 2018

20 October 2018GFH Exits Lost Paradise Waterpark

2 October 2018GFH Signs to Acquire US $200 Million Sukuk from Al Rajhi Bank

27 September 2018GFH‘s Long Term Ratings by CI Ratings Affirmed at ‘BB’ with a ‘STABLE’ Outlook

13 August 2018GFH Net Profit Attributable to Shareholders Rises 16.7% to US $72.5 Million for the First Half of 2018

29 July 2018GFH Fully Settles US$200 Million Sukuk

28 July 2018GFH Capital Creates Strategic Partnership For The ENTERTAINER

21 July 2018GFH Awards EPC Contract to China Machinery and Engineering Corporation

8 July 2018Fitch Affirms GFH Rating at ‘B’; Outlook Stable

8 June 2018GFH Announces Inauguration of Wadhwa Wise City

6 May 2018GFH Reports 14% Growth in its Net Profit for Shareholders of US $36.48 Million for Q1 2018

1 May 2018GFH Signs to Acquire 85% of the ENTERTAINER

27 March 2018GFH Approves Distribution of US $85 Million of Dividends

25 March 2018GFH Exits Philadelphia Private School Investment

4 December 2017GFH Signs Education Agreement with Inspired

12 November 2017GFH Records Net Profit Attributable to Shareholders of US $87.23 Million for the First Nine Months of 2017

15 October 2017GFH Announces Sponsorship of “Invest in Bahrain 2017 Forum”

26 September 2017CI Ratings Affirms GFH’s Ratings and ‘Stable’ Outlook

12 September 2017GFH Completes $43.45 Million Exit of US Atlanta Property

23 August 2017GFH Awards Top A-Level Performer at The British School of Bahrain

14 August 2017GFH Completes the Acquisition of USD 1.2 Billion Infrastructure Portfolio

13 August 2017GFH Records Net Profit Attributable to Shareholders of US $62 Million for the First Half of 2017

18 July 2017GFH Distributes Quarterly Dividends to Investors

12 July 2017FITCH Upgrades GFH Rating to ‘B’; Outlook Positive

28 June 2017GFH Signs USD 55mn Deal with Promoseven Holdings

17 May 2017GFH Awarded Best Investment Bank in Middle East for 2016

10 May 2017IIRA Upgrades GFH Rating to BBB-

2 May 2017GFH Reports Net Profit of $32 Million Attributed to Shareholders for the First Quarter of 2017

24 April 2017GFH Distributes Quarterly Dividends to Investors

16 April 2017GFH Signs to Acquire US Virginia Data Center

16 March 2017GFH Appoints H.E. Shaikh Ahmed Bin Khalifa Al-Khalifa as New Chairman of the Board

1 March 2017GFH Concludes Annual and Extraordinary General Meetings

25 February 2017GFH Sponsors 6th Annual GCC Financial Forum in The Kingdom of Bahrain

14 February 2017GFH Creates “Benefit Trust” with Intertrust Middle East

12 February 2017GFH Successfully Closes Subscription in AMA International

5 February 2017GFH Reports Net Profit of $217 Million Attributed to Shareholders for 2016

2 January 2017GFH Real Estate Appoints Mr. Mohammed Khalil

25 December 2016GFH Prepays and Fully Settles USD 300mn Syndicated Facility

20 December 2016GFH’S Tunis Financial Harbour to Complete Infrastructure Works

12 December 2016APICORP invests in Bahrain’s Falcon Cement Company

23 November 2016GFH Cpital appoints Luay Ahmadi as SEO

20 November 2016ADCorp Appoints Talal Al Zain as the Chief Executive Officer

16 November 2016GFH Appoints Hammad Younas as Head of Investment Management

14 November 2016GFH to Invest in AMA Group

4 October 2016FITCH Affirms GFH Rating with Revised Outlook to Positive

27 September 2016GFH Distributes Semi Annual Dividends To Investors

27 August 2016Capital Intelligence Affirms GFH’s Long-Term Rating “BB” and Outlook at “Stable”

13 August 2016GFH Records Net Profit of $11.5 Million Attributed to its Shareholders for the First Half of 2016

2 August 2016GFH Repays US $45 Million of Debt

1 June 2016 GFH Awarded Gold and Silver Awards at the 2016 Transform Awards MENA

16 May 2016GFH awarded ‘Best Investment Bank’ at the 2016 Banker Middle East Industry Awards

15 May 2016GFH Records Net Profit of $6.1 Million Attributed to its Shareholders

18 April 2016GFH Investors Session at Bahrain Bourse

13 April 2016Islamic International Rating Agency (IIRA) reaffirms the ratings of GFH

5 April 2016GFH Concludes Annual General Meeting for 2015

22 March 2016GFH Group and Abu Dhabi Financial Group Extend Partnership

3 March 2016GFH Signs £100 Million Deal for Northacre’s 1 Palace Street

24 February 2016GFH Reports Net Profit for 2015

2 February 2016GFH Capital Distributes Semi Annual Dividends to Investors

28 January 2016GFH Meets with Tunisian President H.E. Beji Caid Essebsi

31 December 2015GFH Commences Site Preparation works at the US$150m Harbour Row Development at the Bahrain Financial Harbour

25 November 2015GFH Acquires Market Leading Bread and Sweets Producer in KSA

11 November 2015GFH Reports US$18.0 Million Net Profits For The First Nine Months Of 2015

17 October 2015GFH To Acquire US$ 125 Million Industrial Real Estate Portfolio In The United States

10 October 2015Fitch Affirms GFH Rating At ‘B’

5 October 2015GFH Repays Over US$37 Million For Debt Syndicates

29 August 2015GFH Distributes USD 53 Million To It’s Funds’ Investors

29 August 2015Capital Intelligence Affirms GFH’s Long-Term Rating “BB”

12 August 2015GFH Reports US $13.6 Million Net Profit For The First Half Of 2015

1 August 2015Signing of Agreement Turns Lights on Villamar Again

25 July 2015GFH to acquire second Private School in Dubai within 12 months

27 June 2015Energy City Navi Mumbai Signs partnership agreement with Adani Group

14 June 2015GFH Wins Various International Branding Accolades

30 May 2015GFH Named Fastest Growing Bank And Best Wealth Management Firm

18 May 2015GFH Holds Annual Staff Meeting; Awards Employees For Outstanding Achievments And Long-Standing Service To The Group

13 May 2015GFH Posts US $6 Million In First Quarter Profits

2 May 2015GFH Acquires a Shopping Mall in Jeddah, Kingdom of Saudi Arabia

12 April 2015GFH Concludes Ordinary And Extraordinary General Meetings

10 April 2015Investment in residential development in Istanbul, Turkey

23 February 2015GFH Reports Net Profits Of US$17 Million For 2014

13 August 2014Gulf Finance House Reports US$ 88.2 Million Revenues and US$ 10.6 Million Net Profits for the First Half of the Year 2014

9 July 2014GFH To Develop Mixed-Use, Community in DubaiLand

14 May 2014Gulf Finance House Posts First Quarter Profit

14 April 2014Gulf Finance House Hold Ordinary and Extraordinary General Meetings

3 March 2014As part of the Bahrain-India Business Forum held in Mumbai, Gulf Finance House Signs Development Agreements with Wadhwa Group and Adani

1 February 2014Gulf Finance House Reports Net Profits Of US $6.3 Million For 2013

14 November 2013Gulf Finance House Announces Third Quarter Results

12 November 2013GFH Capital Acquires Prime Central London Residential Property

6 October 2013Appointment of New Chairman and Vice Chairman of GFH

26 August 2013Gulf Finance House awarded BB- rating with a “Positive Outlook”

6 August 2013Gulf Finance House Announces Half Year 2013 Profits Of US $4.2m

4 June 2013Tunis Financial Harbour Featured At First Business & Finance Forum Tunisia 2013

9 May 2013Gulf Finance House Reports Q1 2013 Profits Of $1.5m

17 April 2013Gulf Finance House Signs A Partnership Agreement with AsiaStar City Holdings of Singapore For Mumbai Economic Development Zone (MEDZ) Project

4 April 2013Gulf Finance House Holds Annual General Meeting

21 February 2013Gulf Finance House Net Profits for 2012 Surge to US$ 10.03 million

25 January 2013Gulf Finance House Wins ‘Best Islamic Investment Bank’ Award for 2012

29 November 2012Gulf Finance House Appoints Elias Karaan as Senior Executive Director of Development Infrastructure

12 November 2012Gulf Finance House Net Profit Surge to 7.5 million

15 October 2012Mumbai Economic Development Zone Project Secures Direct Access to Mumbai Pune National Highway

12 August 2012Gulf Finance House Announces Half Year Results Net Profits surge to US$ 5.8 million

18 July 2012Gulf Finance House Holds Exclusive ‘Kids’ day at Work’

4 June 2012Progress On Tunis Financial Harbour Hailed

20 May 2012Gulf Finance House obtains approval for its Sukuk Restructuring

10 May 2012Gulf Finance House and Investors Visit Mumbai Economic Development Zone (MEDZ) Project

24 October 2011Gulf Finance House profits increase to US $4.138m

30 August 2011GFH records a half yearly net profit of US $0.7 million

13 June 2011Gulf Finance House Signs Partnership Agreement to develop Mumbai Economic Development Zone (MEDZ) Project

8 May 2011Gulf Finance House Holds its AGM and updates Shareholders on positive progress achieved upon execution of the restructuring plan

14 April 2011GFH announces 2010 results and participations of over US$ 100 million towards the capital raising

9 February 2011Gulf Finance House signs an agreement with Kuwait Investment Company to assist with its capital raising program