GFH Financial Group’s Net Profit Attributable to Shareholders Up 187.3% Year-on-Year in 3Q 2021

On the 11th of November 2021, Bahrain-based GFH Financial Group (GFH) announced its financial results for the third quarter of 2021 (3Q 2021), reporting a 187.3% year-on-year (YoY) increase in its net profit attributable to shareholders, from USD 8.11 million in the third quarter of 2020 (3Q 2020).

Why it Matters?

The growth in net profit was attributed to strong performance across GFH’s diversified business lines, despite the impact of the pandemic, supported by steady, recurring income streams. According to Hisham Alrayes, Chief Executive Officer at GFH, quarterly financial performance was also driven by strong investor demand for deals closed by GFH in the United States’ (US) real estate market within well-performing segments including the logistics a...