9. GFH FINANCIAL GROUP

Group CEO: Hisham Alrayes Country: Bahrain Established in: 1999

AUM: $12 billion

GFH Financial Group recorded profits of $19.3 million in Q1 2021, an increase of 185% compared to the same period in 2020. In February 2020, the group’s investment banking arm, GFH Capital, acquired a 70% stake in the Dubai-based Fintech company, Marshal. It also invested around $250 million into the U.S. hospitably sector by acquiring a portfolio of 12 hotels in partnership with Arbor Lodging Partners.