GFH acquisition of Shuaa Capital off

Bahrain’s Islamic investment bank GFH suspended acquisition talks with Shuaa Capital, the Dubai headquartered private equity house following non-agreement of acquisition terms and regulatory approvals.

In a statement on the Dubai Financial Market the company said, “GFH confirms to its shareholders and the markets that the withdrawal was a result due to both parties not reaching agreed acquisition terms and not receiving initial regulatory approval yet. Therefore, both parties have agreed to postpone the discussions regarding the acquisition for the time being.”

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