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.

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…

74 Views | the publication reaches you by | Bahrain News

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.

Bahrain to Implement VAT in 2019

Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and…

109 Views | the publication reaches you by | Bahrain News

Related Articles

GFH records net profit Q 3 of...

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.