Cairo – October 30, 2023: According to sources cited by local media, Bahrain’s GFH Group has an initial investment target of $500 million to be injected into the Egyptian market through its investment arm active in the healthcare, education and logistics sectors. was outlined.
This commitment comes as Raji Al Murabati, CEO of GFH Capital, stated during the Future Investment Initiative conference held in Riyadh recently that the company is interested in investing in Egypt through these sectors. This follows on from the previous statement.
The group is currently exploring a range of investment possibilities and expects to finalize one by early 2024.
As part of their pursuit, the group’s education investment arm, Britas, enlisted the help of Egyptian financial advisors to facilitate the acquisition of pre-university education institutions.
Additionally, GFH Group is in talks with the Egyptian Professional Education Investment Platform, owned by prominent financial institutions and sovereign entities, to explore cooperation and co-investment opportunities, the official explained. At a later stage he may also have GFH Group participate in the capital of this platform.
Insiders said the group’s logistics investment arm, GFH Partners, is actively evaluating opportunities in Egypt’s smart transport sector, with the group’s first investment in these sectors expected to take place in 2024. It was revealed that there was.
Although specific details were not disclosed, the company recently announced to the Bahrain Stock Exchange that it has begun a due diligence process on Egyptian educational institutions.
As highlighted on the group’s website, GFH currently manages assets worth up to $17.6 billion, with operations across diverse sectors including asset management, real estate, education, healthcare and technology. . The company focuses on profitability and sustainability through investments across multiple countries.