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Source:
أخبار الخليج
Source: أخبار الخليج
7 Hrsأخبار الخليج
Source: أخبار الخليج
7 HrsReady to play
Ready to play
GFH Group plans to double its assets under management from more than $24 billion to $50 billion over the next three years through growth and strategic acquisitions. CEO Hisham Alrayes said the group expects to complete, within two weeks, the acquisition of an additional stake of around 20.6% in Seef Properties, giving it a majority stake. It is also preparing to announce one or two exits before the end of the year. Previous exits generated returns of more than three times the invested capital and returned over $250 million to clients. Third-quarter profits rose 18% to around $40 million, despite a 5% decline in revenue.
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