GFH pursuing recovery of USD 150mn from awarded legal cases

GFH to list Falcon Cement Company in Bahrain Bourse in 2016

Manama, Bahrain - 18 April 2016

GFH Financial Group ("GFH") organised an investor awareness session on Monday 18 April 2016 in collaboration with Bahrain Bourse, to present the Group's future prospects to current and potential investors.

The investor awareness session with investors, brokers and financial institutions was conducted at the premises of the Bahrain Bourse in Bahrain Financial Harbour. The session included presentations about GFH's growth, investments, latest developments and future plans.  Attendees at the event also heard from GFH's senior management team about the Group's financial position, quality of assets and potential Sukuk offering.

During the session, GFH assured that it would endeavor to recover during the course of this year 30 to 40% from its USD 150mn awarded legal claims against various parties including ex-chairman of the bank.  GFH has confirmed that the process of identifying potential acquisition targets within the regional financial industry is ongoing, and this form part of the group strategy. GFH has also announced its intention to list Falcon Cement Company this year 2016 in Bahrain Bourse subject to obtaining regulatory approvals from the authorities.

At the end of the session Hisham Alrayes, GFH CEO has thanked H.E. Sheikh Khalifa bin Ebrahim Al Khalifa and Bahrain Bourse for organizing this session and stressed on the importance of such sessions in assisting shareholders and investors of the bank to understand exact financial position of the companies listed in Bahrain Bourse and their prospects.

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About GFH Financial Group B.S.C.
GFH is one of the most recognised financial groups in the Gulf region. Its businesses include Asset Management, Wealth Management, Commercial Banking and Real Estate Development. The Group's operations are focused in the GCC, North Africa and India. GFH is listed in Bahrain Bourse, Kuwait Stock Exchange and Dubai Financial Market. For more information, please visit www.gfh.com    

For further information please contact:
GFH Financial Group
Nawal Al-Naji
Tel: +973 17538538
Email: nalnaji@gfh.com  

© Press Release 2016