GFH Financial says returns $53 million to investors
Bahrain’s GFH Financial Group has distributed dividends of $53 million to its funds’ investors, from investments in Bahrain, the UAE, US and India. In line with it's new strategy, GFH has spent the last 18 months investing in projects intended to provide steady cash yields for investors, the company said. For example, Diversified US Residential Portfolio (DURP) – an investment in US residential assets – distributed dividends of $1.3 million to investors. The portfolio comprises two multiple-dwelling residential properties, one in Houston, the other in Atlanta, with 1,300 apartments in total and 95 percent occupancy. Earlier this month, the group reported net profit of $13.6 million in the first six months of 2015.
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