Latest news with #GFHFinancialGroup
Zawya
12-06-2025
- Business
- Zawya
GFH Financial Group denies plans to merge with Dubai's Shuaa Capital
Dubai-listed GFH Financial Group, an investment firm headquartered in Bahrain, has dismissed speculation that it is planning to merge with Shuaa Capital. The company clarified on Wednesday that recent social media rumours concerning a potential merger with the Dubai-based financial services firm is 'incorrect'. It said that there are 'no discussions or agreements in place regarding' the supposed merger. It further stated that it has not initiated any talks or arrangements on the matter either. 'It has not entered into any negotiations or arrangements with Shuaa Capital in this regard,' the company told the Dubai Financial Market (DFM). The company, which has investments across various sectors including infrastructure, real estate and financial services, issued the clarification amid speculation circulating on various social media platforms that the two financial firms are likely to consolidate their business. (Writing by Cleofe Maceda; editing by Seban Scaria)
Biz Bahrain
08-06-2025
- Business
- Biz Bahrain
GFH Financial Group partners with Safa to offset the annual carbon footprint of its employees
In a significant step toward corporate sustainability, GFH Financial Group has announced a new initiative to offset the annual carbon emissions of all its full-time employees. This initiative, developed in collaboration with Safa, Bahrain's climate action platform and a Mumtalakat portfolio company, will see the Group take tangible action to neutralize its operational environmental impact. The initiative to offset the carbon emission covers the full-time workforce at GFH Financial Group. According to national emissions data, the average individual in Bahrain emits just over 26 tonnes of carbon dioxide equivalent (tCO₂e) per year through daily activities. An individual's annual carbon emissions refer to the total amount of carbon dioxide they generate each year through everyday activities such as driving, using electricity, and consuming goods and services. Carbon offsetting involves financially supporting projects—like renewable energy initiatives or reforestation efforts—that reduce or remove an equivalent amount of carbon dioxide from the atmosphere. Through its partnership with Safa, GFH ensures that carbon offsets made on behalf of its employees are real, measurable, and independently verified, meeting Safa's rigorous standards for high-quality carbon credits. By offsetting the annual emissions for each employee, GFH is demonstrating proactive environmental leadership and reinforcing its support for the Kingdom of Bahrain's Net Zero 2060 ambitions. This announcement coincides with World Environment Day, reinforcing the shared urgency for climate action and the need for institutions to adopt measurable, transparent sustainability strategies.
Zawya
05-06-2025
- Business
- Zawya
GFH Financial Group partners with Safa to offset the annual carbon footprint of its employees
Manama, Bahrain – In a significant step toward corporate sustainability, GFH Financial Group has announced a new initiative to offset the annual carbon emissions of all its full-time employees. This initiative, developed in collaboration with Safa, Bahrain's climate action platform and a Mumtalakat portfolio company, will see the Group take tangible action to neutralize its operational environmental impact. The initiative to offset the carbon emission covers the full-time workforce at GFH Financial Group. According to national emissions data, the average individual in Bahrain emits just over 26 tonnes of carbon dioxide equivalent (tCO₂e) per year through daily activities. An individual's annual carbon emissions refer to the total amount of carbon dioxide they generate each year through everyday activities such as driving, using electricity, and consuming goods and services. Carbon offsetting involves financially supporting projects—like renewable energy initiatives or reforestation efforts—that reduce or remove an equivalent amount of carbon dioxide from the atmosphere. Through its partnership with Safa, GFH ensures that carbon offsets made on behalf of its employees are real, measurable, and independently verified, meeting Safa's rigorous standards for high-quality carbon credits. By offsetting the annual emissions for each employee, GFH is demonstrating proactive environmental leadership and reinforcing its support for the Kingdom of Bahrain's Net Zero 2060 ambitions. This announcement coincides with World Environment Day, reinforcing the shared urgency for climate action and the need for institutions to adopt measurable, transparent sustainability strategies. About GFH Financial Group GFH Financial Group, licensed as an Islamic wholesale bank by the Central Bank of Bahrain and headquartered at GFH House, P.O. Box 10006, Manama Sea Front, Kingdom of Bahrain is one of the most recognised financial groups in the Gulf region. Its businesses include Investment Management, Treasury & Proprietary Investments, Commercial Banking and Real Estate Development. The Group's operations are principally focused across the GCC, North Africa and India, along with strategic investments in the U.S., Europe and U.K. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) where it is one of the most liquid and actively traded stocks. For more information, please visit About Safa Safa is a Bahrain-based carbon offset and climate action platform that helps individuals, businesses, and institutions take measurable steps toward environmental responsibility. A portfolio company of Mumtalakat, Safa provides access to internationally verified carbon offset projects and practical tools to reduce and balance carbon footprints. | info@
Arabian Business
29-05-2025
- Business
- Arabian Business
Al Salam Bank exits its 15.6% shareholding in Seef Properties
Al Salam Bank, the largest Islamic bank in Bahrain, said it has sold its 15.6 per cent stake in Seef Properties to GFH Financial Group, another Bahrain-based company. In a filing with Dubai Financial Market (DFM), where it is listed, Al Salam Bank said the exit forms 'part of a broader group optimisation strategy designed to expand and reinforce focus on core banking operations and its holdings in banking, takaful, and asset management'. Launched earlier this year with a starting AUM (assets under management) of US$4.5 billion, ASB Capital, the group's asset management arm, was appointed as sell-side advisor and mandated to assist in sourcing, structuring, and executing the exit of its significant minority stake in Seef Properties. Rafik Nayed, Group Chief Executive Officer of Al Salam Bank and Managing Director of ASB Capital, commented: 'This transaction represents our continued commitment to exit non-strategic holdings as part of a group-wide optimisation initiative. Aligned with our strategy, we are reallocating capital and focussing towards growing core banking operations and expanding our strategic holdings in banking, takaful, and asset management – sectors that offer long-term value and operational synergies within the context of the group. 'ASB Capital's role in facilitating the transaction underscores the strength of our expertise and execution capabilities in transaction advisory and capital markets. Backed by a strong pipeline from both local and regional institutional clients spanning private equity, syndications, capital instruments, and advisory services, ASB Capital is well-positioned to build on the growing momentum in regional deal activity.'
Zawya
28-05-2025
- Business
- Zawya
Bahrain's GFH Financial raises stake in Seef Properties to nearly 30%
Manama-headquartered GFH Financial Group has increased its stake in Seef Properties to nearly 30%, reinforcing its ownership in one of the major players in Bahrain's real estate sector. The investment firm confirmed on Tuesday that it has acquired additional 15.63% of shares in the real estate development and commercial centre management company, bringing its total shareholding to 27.98%. Last year, GFH acquired a little over 12% stake in Seef Properties. 'This step aims to create additional value for our shareholders within the real estate portfolios operating in the same sector,' said Hisham Alrayes, CEO and Board Member of GFH. Managing more than $22.48 billion in assets and funds, the company is listed on four stock exchanges, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). (Writing by Cleofe Maceda; editing by Seban Scaria)
