Gulf Finance House to sell unit via public offering, plans acquisition | The National

Gulf Finance House to sell unit via public offering, plans acquisition | The National:



"Gulf Finance House (GFH) is planning to make an acquisition this year and sell a unit in an initial public offering.



The expected moves are part of efforts to reshape GFH, which was hit hard by the 2008-2009 global financial crisis.



“The new strategy of GFH is primarily focused on creation of a financial group rather than just an investment bank which it used to be before,” said Hisham Alrayes, the chief executive. “From the five pillars, we would like to have an equal participation of income, ideally.”"



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