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The GFH Financial Group has announced the completion of investments totaling $450 million in the US real estate sector between Q4 2023 and Q1 2024. The company expects this investment to have a positive impact on its financials and increase returns for the group. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On 01/04/2024, GFH Financial Group B.S.C. announced the sale of 157,815,208 of its treasury shares, which represents 4.12% of its total issued shares. The shares were sold to Aljomaih Holding Company and strategic investors. After this transaction, the total number of treasury shares held by GFH Financial Group will be 182,049,582, representing 4.75% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.

Union Properties, a Dubai-based company, has reported robust asset sales and cash flow generation in Q1 2024, with AED 816 million from plot sales. The company used these proceeds to repay AED 290 million of its debt, with plans to repay an additional AED 250 million in Q2 2024. This is part of Union Properties' debt restructuring plan, aiming to repay AED 966 million to lenders during FY2024, which has improved its cash flow and restored its relationship with financial institutions. The restructuring has also unlocked potential additional financing for future real estate developments, reduced interest rates, freed mortgaged lands for development, and generated seed funding for new projects.