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GFH Financial Group B.S.C. announced on July 22, 2024, that it has increased its stake in GFH Equities B.S.C. Closed (formerly known as GBCorp B.S.C. Closed) by 12.50%, bringing its total stake to 76.63%. 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 & AML.

Emirates Driving Company PJSC (ADX: DRIVE), a subsidiary of Multiply Group, has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre. This acquisition is part of Emirates Driving Company's efforts to expand and enhance its services. Both entities will collaborate to develop advanced training curricula and customized programs to meet diverse user needs. The acquisition aligns with EDC's strategic priorities, including sustainable growth and achieving national and international accreditation for driver education. Khaled Al Shemeili, CEO of Emirates Driving Company, stated that this partnership will help advance their vision of providing top-tier driver education services, increasing shareholder value, and enhancing road safety in the region. Founded in 2020, Excellence Driving Centre is known for its customer-centric approach and modern facilities in Dubai. Emirates Driving Company is recognized for its efficiency, innovation, and commitment to high safety standards in driver education.

On 22 July 2024, the Abu Dhabi Securities Exchange was informed that Emirates Driving Company PJSC has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre, for AED 153 million. This acquisition is part of Emirates Driving Company's strategy to expand and enhance its services. Excellence Driving Centre, founded in 2020, provides comprehensive vehicle driving education in Dubai through over 20 strategic locations and is known for its customer-centric approach and modern facilities.

On July 21, 2024, GFH Financial Group B.S.C. announced the appointment of SICO as the Market Maker for its shares listed on the Bahrain Bourse and BHM Capital as the Liquidity Provider for its shares listed on the Dubai Financial Market and Abu Dhabi Securities Exchange. This follows shareholder approval from March 26, 2023, and the necessary regulatory approvals have been obtained. SICO and BHM Capital will begin their activities on July 22, 2024. The approval is valid until July 11, 2025, and any extension will require prior regulatory approval. In accordance with Central Bank of Bahrain regulations, SICO and BHM Capital can collectively hold no more than 3% of GFH's total issued shares. The announcement was made by Mariam Jowhary, Head of Compliance and AML.