GFH Financial Group BSC (KWSE:GFH) is looking for acquisitions. Suryanarayanan Hariharan said "In terms of strategic initiatives, we continue to pursue further strategic acquisitions to broaden and expand our investment portfolio in key global markets to deliver additional value to shareholders. One of those initiatives is the onward discussions to acquire Ithmaar Holding's financing and investment portfolios.

Discussions are in progress to finalize and agree on the transaction structure and definitive documents, which remain subject to due diligence and satisfactory completion of key regulatory approvals".