Wednesday 28, June 2017 by Georgina Enzer
GFH exits part of its real estate portfolio
GFH would like to inform its shareholders and the markets that it has signed an agreement with Promoseven Holdings in Bahrain to exit part of its real estate portfolio with an approximate value of $55 million.
The deal comes as part of GFH's strategy to exit its non‐core assets. It's worth noting that this asset has a book value of $20 million and the deal is expected to have a positive impact on GFH's financial results for Q2‐2017.