MANAMA: GFH Financial Group (GFH) intends to make an open offer to acquire the entire public shareholding of its Sharia-compliant commercial banking subsidiary, Khaleeji Commercial Bank (KHCB).
In a filing to Bahrain Bourse on September 15, the investment firm said it has submitted a pre-conditional voluntary offer to the board of directors of KHCB and intends to proceed with the bid after certain pre-conditions are satisfied or waived .
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