GFH Financial Group, based in Manama, has raised its stake in Seef Properties to nearly 30%, strengthening its position in Bahrain’s real estate market. The investment firm announced on Tuesday that it has acquired an additional 15.63% of shares in Seef Properties, which now brings its total shareholding to 27.98%.

Last year, GFH Financial had already acquired just over a 12% stake in Seef Properties, indicating a strategic move to enhance its investment in this sector.

Hisham Alrayes, CEO and Board Member of GFH, stated that this initiative is designed to create additional value for shareholders within the real estate portfolios operating in the same sector.

GFH Financial manages over $22.48 billion in assets and funds and is listed on four prominent stock exchanges: the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX), and Dubai Financial Market (DFM).