Press Release by GFH Bank

GFH Bank signed a strategic Memorandum of Understanding (MoU) with OCTO Management Consultancies to develop a US$300 million logistics and industrial real estate platform.
The platform will target development opportunities across the Kingdom of Saudi Arabia and the United Arab Emirates, including warehousing, cold storage, and distribution centers.
GFH will serve as the Investment Manager and development partner, focusing on a mix of build-to-suit and speculative projects.
The Bank stated there is no immediate material impact from this disclosure, though the investment is expected to positively affect future financial results and returns.