Abu Dhabi Financial Group lifts stake in GFH to 10%
The capital markets arm of Abu Dhabi Financial Group (ADFG) has raised its stake in Dubai-listed GFH Financial Group to 10%, ADFG said on Wednesday. Integrated Capital’s stake was 7.4% previously, data from the Dubai Financial Market shows.. The shares have gained 41% since the end of November, while Dubai's index fell 4.4% over the same period. ADFG has about USD3.2 billion in assets under management, its statement said. (Reuters)
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