Abu Dhabi-based Goldilocks Investment Company Limited on Saturday announced it has acquired a 4.99 percent stake in GFH Financial Group.
Goldilocks said in a statement that it supports the Bahraini Islamic investment bank’s long term growth and intends to request board representation.
It said it is supported by other GFH shareholders, Integrated Capital and Abu Dhabi Financial Group (ADFG). Together with Goldilocks, these shareholders hold around 15 percent of GFH’s total shares collectively.
Launched in 2015, Goldilocks is an investment fund with a mandate to invest in listed equities by taking a constructive activist role to unlock value.
The fund, which did not disclose the value of the deal for the GFH stake, is managed by ADCM Altus Investment Management Limited, an indirect subsidiary of ADFG.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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