GFH Financial Group BSC (KWSE:GFH) acquired an additional 9.76% stake in Khaleeji Commercial Bank BSC (BAX:KHCB) from Goldilocks Fund, a fund managed by Integrated Capital PJSC on March 6, 2021. In a related transaction, GFH Financial Group BSC acquired an additional 3.8% stake in Khaleeji Commercial Bank BSC (BAX:KHCB) from SHUAA Capital PSC on March 6, 2021. After the completion of the transactions, GFH Financial Group BSC increased its shareholding from 55.41% to 69.05% in Khaleeji Commercial Bank. This acquisition is expected to have a positive impact on GFH Financial Group's profitability.

GFH Financial Group BSC (KWSE:GFH) completed the acquisition of an additional 9.76% stake in Khaleeji Commercial Bank BSC (BAX:KHCB) from Goldilocks Fund, a fund managed by Integrated Capital PJSC on March 6, 2021.