As with many Gulf-based firms it's difficult to find a strong dividing line between GFH's finances and the personal accounts of its senior managers.
GFH began life as a private equity company. Over the years it created dozens of financial services and real estate companies (and even a coffee shop chain) that funded each other and for which it brought in investors that it then charged fees.
One of the largest banks the company created was First Energy Bank (FEB), for which it raised $1 billion in capital in 2008, mostly from shareholders in Abu Dhabi and Libya. The company was established to invest in energy projects in the Middle East.
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