Abu Dhabi Financial Group ups GFH stake

Investment firm Abu Dhabi Financial Group has increased its stake in GFH Financial Group to 10 per cent though its capital markets arm, it said today.

The company’s stake in the Bahrain-based Islamic investment bank was previously 7.4 per cent.

GFH shares have gained 41 per cent on Dubai Financial Market since the end of November, according to Reuters, compared to a 4.4 per cent fall in the overall index over the same period.

ADFG has about $3.2bn in assets under management.