Manama: GFH Financial Group announced increasing the Group’s ownership in Seef Properties B.S.C., one of the leading real estate development and commercial centres management companies in the Kingdom of Bahrain, acquiring an additional 15.63% of shares and taking its total shareholding to 27.98 per cent in Seef Properties.
“This strategic move aligns with GFH’s vision to reinforce its ownership in Seef Properties, recognising its appeal as a strategic asset within the Group’s expanding investment portfolio,” GFH in a statement said.
“We are delighted to deepen our investment in Seef Properties, a prominent player in Bahrain’s real estate sector. This step aims to create additional value for our shareholders within the real estate portfolios operating in the same sector,” Hisham Alrayes, CEO and Board Member of GFH, said.
“Seef Properties has demonstrated resilience and growth over the years, and we see significant potential for further value creation. We aim to contribute to Seef Properties’ continued success by leveraging our resources and expertise to unlock new growth opportunities.”
Currently, GFH manages over US$22.48 billion of assets and funds including a global portfolio of investments in logistics, healthcare, education and technology in the MENA region, Europe and North America.
