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Monday, 5 June 2017

GFH confirms it has withdrawn from talks to buy Shuaa Capital | The National

GFH confirms it has withdrawn from talks to buy Shuaa Capital | The National:

"GFH, the Bahraini Sharia’a-compliant investment firm, said in a clarification to the Bahrain stock market today that it was postponing discussions to acquire the Dubai-based investment bank Shuaa Capital after an agreement over the terms of the acquisition could not be reached. "GFH confirms to its shareholders and the markets that the withdrawal was result due to both parties not reaching agreed acquisition terms and not receiving initial regulatory approval yet," Nabeel Mirza, senior director for compliance at GFH was quoted as saying in the statement filed with the Bahrain Stock Exchange. "Therefore, both parties have agreed to postpone the discussions regarding the acquisition for the time being.""



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