{"data":{"id":"a2d6a862-9853-4abe-a22c-8d41870bd9e2","type":"article","translation_group_id":"a2d6a862-96df-401e-8cf4-7d2f1b2283f1","language":"en","content_type":"announcement","title":"GFH updates: Seef Equity Growth signs SPAs for 20.67% of Seef Properties","dek":"GFH Bank said Seef Equity Growth Investment, established by GFH Partners Fund Management, signed share purchase agreements on 25 August 2026 for stakes totalling 20.67% of Seef Properties, subject to a whitewash resolution at a Seef EGM.","slug":"gfh-seef-properties-spa-update-15-sep-2026","published_at":"2026-09-15T12:09:00+00:00","updated_at":"2026-09-15T12:09:00+00:00","primary_category":{"id":"5","type":"category","key":"banking","name":"Banking & Finance","slug":"banking-finance","summary":"Banks, finance companies, insurers, sukuk, and monetary-policy-linked financial news.","seo_title":"Banking & Finance | Capital Wire","meta_description":"Banks, finance companies, insurers, sukuk issuances, and monetary-policy-linked financial news across UAE and broader GCC markets."},"featured_media":{"id":"a2d6ac63-2ca2-4f6d-91dd-54b4cbecaf85","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/ba406634387551060cdedcf7fbc311fb0d257b2c850e3ce4f86459dbedaba509.webp","mime":"image\/webp","srcset":null,"width":640,"height":360,"alt":"GFH update on Seef Properties share purchase agreements \u2014 ADX CDN 5473291","caption":null,"credit":"ADX disclosure \/ GFH Financial Group","license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d6a683-a884-4589-a9b6-7560dac33f84","type":"entity","entity_type":"company","collection":"companies","name":"GFH Bank B.S.C.","slug":"gfh-bank-bsc","ticker":"GFH","is_primary":true}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":null,"key_points":[],"body":[{"type":"paragraph","text":"GFH Bank B.S.C. issued an update dated 15 September 2026 referring to its prior announcement of 10 September 2026 on agreements to purchase issued shares of Seef Properties B.S.C."},{"type":"paragraph","text":"Seef Equity Growth Investment, a company established by GFH Partners Fund Management, signed agreements on 25 August 2026 with Seef Properties B.S.C. and the Social Insurance Organization for the purchase of 21,486,982 and 73,601,479 shares, respectively, representing 20.67% of Seef\u2019s share capital."},{"type":"paragraph","text":"The purchases are subject to Seef\u2019s shareholders passing a whitewash resolution during an Extraordinary General Meeting, relieving the obligation to make a mandatory takeover offer. GFH said it will provide additional disclosures on an ongoing basis."},{"type":"paragraph","text":"The expected financial impact is to be determined in due course. The disclosure was signed by Mariam Jowhary, Head of Compliance & AML."},{"type":"paragraph","text":"According to a GFH Bank B.S.C. update disclosure filed with the Abu Dhabi Securities Exchange dated 15 September 2026."}],"seo":{"seo_title":"GFH updates: Seef Equity Growth signs SPAs for 20.67% of Seef Properties","meta_description":"GFH Bank said Seef Equity Growth Investment, established by GFH Partners Fund Management, signed share purchase agreements on 25 August 2026 for stakes totalling 20.67% of Seef Properties, subject to a whitewash resolution at a Seef EGM.","og_title":"GFH updates: Seef Equity Growth signs SPAs for 20.67% of Seef Properties","og_description":"GFH Bank said Seef Equity Growth Investment, established by GFH Partners Fund Management, signed share purchase agreements on 25 August 2026 for stakes totalling 20.67% of Seef Properties, subject to a whitewash resolution at a Seef EGM.","social_image":{"id":"a2d6ac63-2ca2-4f6d-91dd-54b4cbecaf85","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/ba406634387551060cdedcf7fbc311fb0d257b2c850e3ce4f86459dbedaba509.webp","mime":"image\/webp","srcset":null,"width":640,"height":360,"alt":"GFH update on Seef Properties share purchase agreements \u2014 ADX CDN 5473291","caption":null,"credit":"ADX disclosure \/ GFH Financial Group","license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"1","type":"topic","key":"adx","name":"ADX","slug":"adx","summary":"Abu Dhabi Securities Exchange listings, filings, index moves, and market-structure developments.","seo_title":"ADX Market News | Capital Wire","meta_description":"Coverage of Abu Dhabi Securities Exchange listings, corporate filings, index moves, and ADX market-structure news for investors."}],"tags":[{"id":"18","type":"tag","key":"acquisition","name":"acquisition","slug":"acquisition"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2d6a862-9a20-4d4b-86b8-4fa39f08efb0","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5473291","publisher":"ADX Disclosures","title":"ADX \u2014 GFH Seef Properties SPA update","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5473291","source_id":"a2d6a050-b97e-493b-b596-2ddcabbad320","label":"ADX \u2014 GFH Seef Properties SPA update","publisher":"ADX Disclosures"}],"corrections":[],"translations":[{"language":"ar","slug":"gfh-seef-properties-spa-update-15-sep-2026","published_at":"2026-09-15T12:09:00+00:00","is_current":false},{"language":"en","slug":"gfh-seef-properties-spa-update-15-sep-2026","published_at":"2026-09-15T12:09:00+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"505813da-9f9a-40ae-a7b5-9e03af8e8d79","locale":"en"},"errors":[]}