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GFH Financial Group B.S.C. announced that its global asset management division, GFH Partners Limited, based in the Dubai International Financial Centre, has successfully acquired A-Class student housing assets in the United States valued at $300 million. This investment is expected to have a positive impact on the Group's financials and increase its returns.
Ithmaar Holding B.S.C. has announced ongoing discussions with GFH Financial Group B.S.C. regarding the acquisition of Ithmaar's financing and investment portfolios. These negotiations are subject to regulatory approvals, and shareholders will be regularly updated on any further developments.
GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently engaged in ongoing discussions and negotiations for GFH to acquire Ithmaar's financing and investment portfolios. This acquisition is subject to regulatory approvals. Shareholders will be regularly updated on any further developments. The expected financial impact of the acquisition will be disclosed in due course. Previous announcements related to this matter were made on several dates throughout 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
The Board of Directors meeting for Waha Capital PJSC, originally scheduled for November 12, 2024, has been postponed. The new date for the meeting is set for November 28, 2024, at 10:00 a.m. in Abu Dhabi. The meeting will focus on reviewing general business matters.
The Board of Directors of Abu Dhabi Ports Company PJSC passed a resolution by circulation on Monday, 25 November 2024, at 6 p.m. The resolution involves inviting the company's general assembly to convene on a date that will be agreed upon by the Securities and Commodities Authority (SCA) to discuss the issuance of bonds by the company. The company will announce the date and agenda for the general assembly meeting after obtaining approval from the SCA.