You are hereHome SectorsBahrain
Goldilocks announces 4.99% stake in GFH Financial Group BSC
Source: ASDA'A Burson-Marsteller , Author: Posted by BI-ME staff
Posted: Sun January 21, 2018 3:21 pm

UAE. Goldilocks Investment Company Limited (“Goldilocks”) today announced its current holding of a 4.99% stake in GFH Financial Group BSC (“GFH”). Goldilocks supports GFH’s long term growth and intends to request board representation from GFH.

Goldilocks is supported by other like-minded GFH shareholders, Integrated Capital PJSC and Abu Dhabi Financial Group. Together with Goldilocks, these shareholders hold around 15% of GFH’s total shares collectively.
 
About Goldilocks

Launched in 2015, Goldilocks is an investment fund with a mandate to invest in listed equities by taking a constructive activist role to unlock value.

The fund is managed by ADCM Altus Investment Management Limited, an indirect subsidiary of ADFG. ADFG is a leading global investment group that provides a wide range of investment opportunities to a substantial and diversified investor base that includes corporations, financial institutions, governments and individuals.

Photo Captions:
1. (above)  Abu Dhabi Financial Group logo
2. (inset)    Hisham Ahmed Al Rayes, CEO & Board Member GFG Financial Group (File photo)

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 23, 2018
UAE. Transformational reform is playing its part in stimulating the deal market across the region according to PwC Middle East's new report "TransAct ME - Deals trends and outlook for the Middle East" published today.
date:Posted: May 22, 2018
UAE. Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data.
date:Posted: May 21, 2018
UAE. A new defence is being developed that will allow companies to tackle the latest threats as soon as they appear on the network; Machine learning enables AI to detect patterns in all sorts of data sources and create behaviours based on recognized patterns.
dhgate