Abu Dhabi fund acquires stake in Bahraini investment bank

      Published on Thursday, 25 January , 2018      187 Views     
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
188 Views
Comments Add comment



Gulf Media

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.


King of Bahrain lauds Pakistan’s efforts for regional peace King

King of Bahrain lauds Pakistan’s efforts for regional peace

A delegation led by Chairman Senate Muhammad Sadiq Sanjrani called on King of Bahrain Hamad Bin Isa Al-Khalifa…

UAE Ambassador: Bahrain’s National Action Charter confirms people’s rallying behind HM King Hamad’s leadership Government

UAE Ambassador: Bahrain’s National Action Charter confirms people’s rallying behind HM King Hamad’s leadership

UAE Ambassador to Bahrain, Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, has stressed that the adoption of…

King of Bahrain receives UAE Minister of State for Food Security, ambassador King

King of Bahrain receives UAE Minister of State for Food Security, ambassador

His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, received Mariam Hareb Almheiri, Minister of State…

HM King congratulates Chinese President King

HM King congratulates Chinese President

His Majesty King Hamad bin Isa Al Khalifa has sent a cable of congratulations to the Chinese President,…

GULF TV

Popular in GULF TV

7 Action Movies You Can Not Miss In 2019

929 Views

7 Action Movies You Can Not Miss In 2019  

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