GFH updates: Seef Equity Growth signs SPAs for 20.67% of Seef Properties
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.
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.
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’s share capital.
The purchases are subject to Seef’s 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.
The expected financial impact is to be determined in due course. The disclosure was signed by Mariam Jowhary, Head of Compliance & AML.
According to a GFH Bank B.S.C. update disclosure filed with the Abu Dhabi Securities Exchange dated 15 September 2026.
Sources
- ADX — GFH Seef Properties SPA update ADX Disclosures