Seef Properties shareholders clear GFH-linked vehicle's path to 50.07% stake

GFH Bank: Independent shareholders of Seef Properties voted by majority at the company's extraordinary general meeting on 18 October 2026 to approve a whitewash resolution waiving the mandatory takeover offer. Accordingly, the purchase by Seef Equity Growth Investment, a company established by GFH Partners Fund Management, of 95,088,461 shares representing 20.67% of Seef Properties' capital was approved. On completion, Seef Equity Growth Investment will hold 230,330,053 shares, or 50.07% of the issued capital. The financial impact will be determined in due course.