Ithmaar Holding is going ahead with the sale of its financial and investment portfolios to GFH Financial, according to a bourse disclosure.
The company’s extraordinary general meeting (EGM) approved on Wednesday the sale and transfer of certain assets worth approximately $695 million to $715m and liabilities of around $665m to $695m to GFH Financial, the filing, addressed to the Dubai Financial Market (DFM) and Bahrain Bourse, said .
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