GFH studying several deals, expects better performance: CFO

Suryanarayanan Hariharan, GFH chief financial officer

GFH Financial Group is in the process of studying several deals, said Suryanarayanan Hariharan, chief financial officer (CFO).

There is a strong set of such deals at present, Hariharan said in a statement.

He noted that the group is currently focusing more on the real estate sector in the US, in addition to the logistics sector. “In terms of private equity, we’re looking at healthcare.” 

Hariharan expects the group's business lines will contribute positively to its bottom line and that its performance will improve.  

Asked if there is any other acquisition like Roebuck, the official said the group is looking for opportunities in the US and Europe, without giving any further details. “Specifically, we still haven’t reached anywhere near to it, but hopefully we’re targeting something for 2021,” Hariharan added. 

He further said that GFH does not still have any update about listing on the Saudi Stock Exchange (Tadawul) or delisting from Boursa Kuwait.