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GFH allots semi annual dividends
Published in The Saudi Gazette on 29 - 09 - 2016

GFH Capital announced Tuesday the recent distribution of semi-annual dividends for a number of its investments and funds in line with its continued progressive dividend policy. These include distributions to investors of GFH funds with underlying investments in a number of regional education assets as well as those in regional and global real estate.
For Private Equity investments in regional education, GFH Capital distributed dividends of 8% from its Sheffield Private School (SPS) investment and 7% from its Philadelphia Private School (PPS). Both K-12 private educational facilities are based in Dubai and are benefiting from continued growth in demand in the Emirates for high quality international standard education and curriculum.
For asset management portfolios, GFH Capital's Jeddah Mall investment delivered 11% and has seen significant recent progress, with the notable addition of a LuLu Hypermarket to the mall's tenants.
Similarly, its global portfolios also continue to deliver sound returns with its Diversified US Residential Portfolio (DURP) delivering dividends of 9.2% and 9.16% from its US Industrial portfolio. Ongoing sound performance of these US portfolios, based across multiple states, is supported by steady expansion of the US economy and positive dynamics in the residential and industrial real estate sub-segments in the states and urban areas where GFH Capital has chosen to invest.
Hisham Alrayes, Managing Director of GFH Capital, said "we are pleased to continue to deliver solid, steady returns to investors in our funds and investments across the education and real estate sectors both in the region and globally. Our objective is to provide unique and diversified opportunities to our investors that enable them to gain exposure to positive regional and global economic and sectoral trends. With the consistent return of solid dividends to our investors on these investments, and others, we underscore the strength of our investment strategy and effective management of assets while continuing to work to identify and bring to market similar income yielding opportunities in 2016 and beyond." — SG


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