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GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, a 25% increase, effective from September 30, 2024. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
Burjeel Holdings PLC, a healthcare provider in the MENA region, has signed a Memorandum of Understanding with Modon Holding to develop healthcare facilities in Ras El Hekma, Egypt. This collaboration aims to expand access to high-quality healthcare services in the area, which is set to become a significant economic and investment hub. The agreement includes developing multi-specialty healthcare facilities, implementing innovative healthcare solutions, and providing medical training programs to enhance local healthcare professionals' skills. The initiative also focuses on public health and wellness programs to improve community health outcomes. Ras El Hekma is a major development project with investments of USD 35 billion, featuring residential, commercial, and tourist facilities. The collaboration is part of efforts to build integrated services in Ras El Hekma, contributing to economic growth and improving the quality of life for residents and visitors. Burjeel Holdings, founded in 2007, operates a network of healthcare facilities across the UAE, Oman, and Saudi Arabia.
GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, effective from September 30, 2024. This represents a 25% increase in their ownership. The investment is expected to have a positive impact on the group's financial statements and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
HAYAH Insurance Company P.J.S.C will hold a meeting on Wednesday, 9th October 2024, starting at 11:00 AM. The agenda includes discussing general business matters that will not affect the share price. The meeting details are authorized by Mr. Mohamed Seghir, the Chief Executive Officer. A copy of this information has been sent to the Security and Commodities Authority (SCA).