The Bahrain-based GFH Financial Group has increased its stake in the country’s Khaeeji Bank by 25%, bringing the company’s total stake in the bank to 82.95%.

GFH Financial said the investment is expected to reflect positively on its financials and increase its returns.

(Writing by Bindu Rai, editing by Seban Scaria)

bindu.rai@lseg.com