Abu Dhabi / Emirates Business
Abu Dhabi Financial Group (“ADFG”), on Wednesday announces that Integrated Capital, its capital markets arm, has increased its stake in the Bahrain-headquartered GFH Financial Group BSC (“GFH”) to 10% on DFM. Integrated Capital is now the largest shareholder in GFH, a well-recognized financial group in the GCC region. Integrated Capital will be available to GFH’s leadership team to engage in cooperation mechanisms to extract additional value for all public shareholders of the Company.
Since 2015, Integrated Capital has been active in the UAE equity capital markets taking leading shareholder positions in listed companies to enable change, extract additional value and enhance areas like business development, corporate governance and strategic transformation of the businesses. In recent months, Integrated Capital disclosed a stake in Gulf Navigation Holding PJSC and has since supported significant changes within the company.
ADFG’s proven expertise and prominent footprint in the investment management and financial services realm, regionally and internationally, has had a great track record.
Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, is a UAE Central Bank licensed investmentcompany based in Abu Dhabi, UAE. In 2015, Integrated Capital placed and syndicated to its clients 20.3 percent of the $700 million notes issued by EA Partners IBV, a funding vehicle for Etihad Airways. Integrated Capital is emerging as a leading player in the UAE capital markets. It invests client funds and proprietary capital, opportunistically, in the regional and international capital markets.