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Sat 20 Jan 2018 03:00 PM

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Abu Dhabi fund acquires stake in Bahraini investment bank

Goldilocks Investment Company Limited buys a 4.99% stake in GFH Financial Group

Abu Dhabi fund acquires stake in Bahraini investment bank
Goldilocks is based in Abu Dhabi Global Market.

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.

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