Bahraini Group GFH Plans To Invest $500M In Egypt In 2024
Date
10/30/2023 4:26:32 AM
(MENAFN- Daily News Egypt) The Bahraini GFH Group is exploring several investment opportunities in Egypt and aims to finalize one of them by early next year.
According to a document obtained by the sources, the group has set a preliminary investment target of $500m that it intends to inject into the Egyptian market through its investment arms in the health, education, and logistics sectors.
The sources said that Britus, the group's education investment arm, has appointed a financial advisor in Egypt to help it acquire a pre-university educational institution. The group is also in advanced talks with one of the specialised education investment platforms in Egypt, owned by a major financial institution and a sovereign entity, to explore cooperation and joint investment opportunities. The group may join the capital of that platform at a later stage.
The sources revealed that GFH Partners, the group's logistics investment arm, is studying an opportunity in the smart transportation sector in Egypt and that 2024 will witness the group's debut investments in the health and transportation sectors in Egypt.
Razi Al Murabati, CEO of GFH Capital, said on the sidelines of the Future Investment Initiative conference in its seventh edition, held in Riyadh last week, that his company is interested in the health, logistics, and education sectors in Egypt.
The company announced to the Bahrain Stock Exchange last Thursday that it is about to start the due diligence process on an educational institution in Egypt without providing further details.
According to the group's website, it currently manages assets worth up to $17 and operates in asset management, real estate, education, healthcare, and technology fields, focusing on profitability and sustainability through its investments in various countries.
The group's shares are listed on four financial markets in the Gulf Cooperation Council countries: the Bahrain Stock Exchange, the Kuwait Stock Exchange, the Dubai Financial Market, and the Abu Dhabi Securities Exchange.
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