Dubai: Gulf Finance House said on Sunday it has appointed Jasim Al Seddiqi as its chairman even as the stock jumped more than 5 per cent before the announcement on the Dubai Financial Market.
Al Seddiqi is currently the managing director and chief executive officer of Abu Dhabi Financial Group (ADFG), which partly owns GFH.
Commenting on his appointment, Al Seddiqi said: “2018 is expected to be another strong year for GFH in which we seek to unlock even greater value from its portfolio of financial and infrastructure assets. We also look forward to strengthening the Group’s relationship with its key stakeholders.”
The group announced the appointment of Shaikh Ahmad Bin Khalifa Al Khalifa as the Chairman of GFH Capital.
Shaikh Ahmad, said: “GFH Capital is a well-established platform with a strong track record, and building on the momentum of 2017, we are well poised to enter a new era of expansion. This includes plans to effectively increase our transaction capacity both in terms of deal numbers and value as well as to significantly grow our assets under management by further building our base of HNW clients across the GCC. These activities are central to taking GFH to the next level and I look forward to guiding these efforts in the months ahead.”
