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GFH Financial Group acquires $1.2B infrastructure portfolio

GFH Financial Group BSC completed the acquisition of a $1.2 billion infrastructure portfolio in the Middle East and Africa as part of its new growth strategy.

The Bahraini financial group financed the acquisition through a $315 million capital increase, which takes its issued and paid-up capital to $975 million.

"The acquisition adds another main line of business to GFH, infrastructure investments, alongside investment banking, commercial banking and real estate," said GFH CEO Hisham Alrayes.