BRIEF-GFH Signs MoU With OCTO To Develop $300 Mln Logistics, Industrial Platform Across Saudi And UAE

June 9 (Reuters) - GFH BANK BSC GFHB.BH:

  • GFH SIGNS MOU WITH OCTO MANAGEMENT CONSULTANCIES (OCTO) TO DEVELOP US$300 MILLION LOGISTICS AND INDUSTRIAL PLATFORM ACROSS SAUDI AND UAE

  • GFH - UNDER AGREEMENT, GFH WILL ACT AS INVESTMENT MANAGER AND DEVELOPMENT PARTNER FOR THE PLATFORM

  • GFH - PLATFORM EXPECTED TO DEPLOY INTO PROJECTS TARGETING ATTRACTIVE RISK-ADJUSTED RETURNS

  • GFH - STRATEGY WILL PRIMARILY TARGET DEVELOPMENT-STAGE ASSETS WITH A BALANCED MIX OF BUILD-TO-SUIT AND SPECULATIVE DEVELOPMENTS

Further company coverage: GFHB.BH


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