GFH, a financial group in the GCC region signed an agreement with Promoseven Holdings in Bahrain to exit a part of its real estate portfolio at an approximate value of $55 million.
Promoseven Holdings, is a leading business group that has interests in real estate, advertising, public relations, investment, hospitality and leisure. Additionally, the Bahrain-based company owns majority of the shares in Middle East Communication Networks in Bahrain.
For more information, read here.