trending Market Intelligence /marketintelligence/en/news-insights/trending/rxJhR1605InjRQDbAH_V_Q2 content esgSubNav
In This List

GFH Financial, SHUAA Capital postpone M&A talks

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


GFH Financial, SHUAA Capital postpone M&A talks

Bahrain-based GFH Financial Group BSC postponed discussions with SHUAA Capital PSC regarding the potential acquisition of the Dubai bank, as the two parties have not yet agreed on the terms for the deal nor received initial regulatory approval.

GFH said its strategy to acquire financial institutions is still on track, adding: "[W]e will continue to seek strategic opportunities in future that [satisfy] shareholders' expectations and secure diversified business lines and growth prospects for the group."

The Bahraini group released a statement June 4 saying it was withdrawing from discussions to acquire SHUAA, before later removing the announcement from the Dubai Financial Market's website, according to The National.