Sun, 06 March 2022
GFH Financial Group B.S.C has announced its financial results for the fourth quarter and twelve months ended 31 December, 2021. Net profit attributable to shareholders was USD23.88 million for the fourth quarter of the year up 8.92 percent compared with USD21.93 million in the fourth quarter of 2020.
The increase was the result of strong continued performance across the Group’s core business lines and significant contributions from its investment banking business, which generated USD52.25 million in fees from placement activities linked to the Group’s investments in the logistics, healthcare and education sectors. This included investments in a prime FedEx logistics facility in the US, the UAE’s leading multi-speciality healthcare provider and a global healthcare education pioneer alongside Schroders Capital with whom the Group signed a strategic partnership during the fourth quarter to co-invest in select private equity and venture capital deals in Europe and the Americas.
The Group reported net profit attributable to shareholders of USD84.22 million for the full year compared with USD45.09 million in 2020, an increase of 86.77 percent.
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