GFH confirms withdrawal from potential acquisition of SHUAA Capital

06/06/2017 09:50 AST

GFH has confirmed to its shareholders and the markets that it has withdrawn from the potential acquisition of SHUAA Capital due to both parties not reaching agreed acquisition terms and not receiving initial regulatory approval yet.

According to a release by the Dubai Financial Market, both parties have agreed to postpone the discussions regarding the acquisition for the time being.

However, according to Nabeel Mirza, Senior Director Compliance & MLRO at GFH,

"The company [GFH] would like to affirm that GFH's strategy to acquire financial institutions is still on-track and we will continue to seek strategic opportunities in future that satisfies shareholders expectations and secure diversified business lines and growth prospects for the group."


CPI Financial

News

GFH approves $85m dividend distribution

28/03/2018

GFH Financial Group (GFH) today announced that its shareholders have approved the distribution of 8.72 per cent cash dividends totalling $85 million.

The approval came at the conclusion

Trade Arabia

GFH exits Dubai school investment

26/03/2018

GFH Financial Group has announced that its 100 per cent owned subsidiary GFH Capital Limited has agreed to sell its 70 per cent stake in the Dubai-based Philadelphia Private School (PPS), which it ac

Trade Arabia

GFH joins as a founding partner in Bahrain's fintech hub

05/03/2018

GFH Financial Group said on Sunday its recent partnership with Bahrain Fintech Bay (BFB) as a founding partner of a fintech hub in the Middle East and Africa (Mena) region will drive innovation and c

Gulf News

Most Viewed Companies

Ticker Price Volume
NAYIFAT 13.94 229,739
LUMI 77.50 102,302
ALRAJHI 85.00 7,711,297
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
IHGS 4.20 344,581
RIBL 24.84 6,676,931

Valuation

GFH Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 407.00 -5.90 (-1.43%)
FAB 13.58 -0.18 (-1.31%)
EMIRATESNBD 20.35 0.10 (0.49%)
DIB 6.28 0.08 (1.29%)
ADCB 8.68 0.00 (0.00%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap