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GFH Named Main Islamic Funding Financial institution within the Area by MEA Fin …


(MENAFN- APCO Worldwide) Dubai, UAE. November 22, 2021: GFH Monetary Group was named the Finest Islamic Funding Financial institution within the Center East and Africa area on the MEA Finance Awards, which passed off earlier this month on the Ritz Carlton JBR Dubai Lodge within the presence of the area’s funding and monetary neighborhood.
Having acquired two prestigious awards that night, together with Finest Sukuk Deal of the Yr and Finest Islamic Funding Financial institution, GFH administration praised the Group’s efforts over the previous two years. Salah Sharif, Chief Working Officer of GFH, stated the silverware “is a testomony to our workforce’s unwavering dedication throughout the strongest headwinds possible.”
The MEA Finance Awards acknowledges monetary establishments and business representatives for his or her distinctive achievement and galvanizing management in delivering progressive services and products of the best worth to their shoppers.
GFH was acknowledged for the excellent $ 300 million sukuk listed on the area’s worldwide change throughout the 12 months of the pandemic. Sukuk heralded GFH’s entry into worldwide debt capital markets. The raised capital helps the enlargement of GFH’s operations, bettering the Group’s monetary place and financing its subsequent part of development.
Mr Sharif stated: “The area’s monetary establishments have proven exceptional resilience to an unprecedented problem. The GFH, particularly, has demonstrated the robustness of its mannequin and has confirmed its technique of specializing in defensive sectors. We’re immensely pleased with the work we’ve executed throughout the Group to make sure that we proceed to ship development and worth creation to stakeholders within the midst of a worldwide pandemic.
“Subsequent 12 months, we wish to construct on our success and proceed our bold technique to construct a various and accountable portfolio throughout a number of sectors and strategic geographic areas. We’re motivated and dedicated to secure and sustainable development. ”
GFH generated web earnings attributable to fairness holders of $ 60.34 million within the first 9 months of 2021, up 160% over the identical interval in 2020. In October, GFH’s outlook was upgraded to secure Capital Intelligence Scores, reflecting the Group’s excessive liquidity. an more and more diversified funding supply; and an growing proportion of belongings outdoors Bahrain.
On the earlier MEA Finance Awards in December 2020, GFH acquired three awards, together with Banker of the Yr, Finest Funding Administration Agency (Bahrain) and Finest Personal Financial institution.
A whole bunch of entries are critically assessed by a panel of judges made up of distinguished business specialists. The 50 winners within the classes have been chosen after an intensive market evaluation, in addition to an evaluation of all related monetary statements and the corporate’s achievements over the earlier 12 months.

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