Rank: 9
GFH Financial Group
Country: Bahrain
Group CEO: Hisham Alrayes
Date of Establishment: 1999
AUM: $12 billion
GFH Financial Group recorded profits of $19.3 million in Q1 2021, an increase of 185% compared to the same period in 2020. In February 2020, the group’s investment banking arm, GFH Capital, acquired a 70% stake in the Dubai-based Fintech company, Marshal. It also invested around $250 million into the U.S. hospitably sector by acquiring a portfolio of 12 hotels in partnership with Arbor Lodging Partners.