Abu Dhabi fund acquires stake in Bahraini investment bank

      Published on Thursday, 25 January , 2018      1 Views      Comments Add Comment
Abu Dhabi fund acquires stake in Bahraini investment bank


Abu Dhabi-based Goldilocks Investment Company Limited on Saturday announced it has acquired a 4.99 percent stake in GFH Financial Group.

Goldilocks said in a statement that it supports the Bahraini Islamic investment bank’s long term growth and intends to request board representation.



It said it is supported by other GFH shareholders, Integrated Capital and Abu Dhabi Financial Group (ADFG).

Together with Goldilocks, these shareholders hold around 15 percent of GFH’s total shares collectively.

Launched in 2015, Goldilocks is an investment fund with a mandate to invest in listed equities by taking a constructive activist role to unlock value.



The fund, which did not disclose the value of the deal for the GFH stake, is managed by ADCM Altus Investment Management Limited, an indirect subsidiary of ADFG.

Keywords:
Category Bahrain News | 2018/01/25 latest update at 2:04 AM
Source : Arabian Business | Photocredit : Google
2 Views
Comments Add comment



Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.

Latest Comments


Khalifa Bin Salman in the People’s, Nation’s Memory book launched King

Khalifa Bin Salman in the People’s, Nation’s Memory book launched

Yousef Al Hamdan, the author of ”Khalifa Bin Salman in the Memory of the People, Nation” has launched…

King congratulates Abu Dhabi Crown Prince King

King congratulates Abu Dhabi Crown Prince

His Majesty King Hamad bin Isa Al-Khalifa sent a cable of congratulations to His Highness Shaikh Mohammed bin…

Bahrain’s king issues new laws to boost investment eco-system King

Bahrain’s king issues new laws to boost investment eco-system

Bahrain’s King Hamad bin Isa Al Khalifa has issued orders for new laws to enhance the country’s investment…

HM King congratulates Vietnamese president King

HM King congratulates Vietnamese president

His Majesty King Hamad bin Isa Al Khalifa today sent a cable of congratulations to President Tran Đai…

GULF TV

Popular in GULF TV

ELECTIONS 2018 | THE FIRST ROUND | PART 02

80 Views

ELECTIONS 2018 | THE FIRST ROUND | PART 02

Latest videos in GULF TV

Events

Bahrain events

Lifestyle

Culture

Bahrain Culture, Bahrain, Bahrain News

Sport

Science & Technology

Government

Bahrain Government, Bahrain Government News, Bahrain News, Gulf News, News, Bahrain News