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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.

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