GFH CONTINUES EXIT STRATEGY
GFH said yesterday that it has signed an agreement with Promoseven Holdings in Bahrain to exit part of its real estate portfolio with an approximate value of US$55 million. The deal comes as part of GFH’s strategy to exit its non-core assets. This asset has a book value of $20m and the deal is expected to have a positive impact on GFH’s financial results for during the second quarter, it said. – The National.