Dubai – Mubasher: GFH Financial Group, listed on the Dubai Financial Market (DFM), Bahrain Bourse, and Boursa Kuwait, on Wednesday announced it has completed the acquisition of 5% of its total issued shares as treasury shares.
The Bahrain-based group is seeking the Central Bank of Bahrain’s (CBB) approval to carry on the treasury shares repurchase program for acquiring up to 10% of its total issued shares, according to a statement.
Earlier this month, GFH revealed plans to sell some real estate assets, expecting to complete the deals prior to the end of 2018.
Moreover, GFH’s board of directors had discussed the possibility of boosting its footprint in the GCC by implementing merger and acquisition (M&A) deals over the coming period.
