GFH Financial Group eyes expanding its assets to $6 bln

08/05/2017 Argaam

Dubai-listed GFH Financial Group plans to expand its asset portfolio to $ 5-6 billion in 2017 from $3.5 billion, the firm said in a statement on Sunday.

 

The increase is subject to closing a number of acquisitions in the financial services and infrastructure sectors, the statement said.

 

The company is now studying one or two acquisitions worth $100-200 million in the financial sector, in addition to a few in the infrastructure and strategic asset sector valued at $200-300 million, the statement added. 

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