GFH Financial to acquire a majority stake in SQ Asset Management.

GFH Financial, an Islamic banking institution, agreed to acquire a majority stake in SQ Asset Management, a living sector asset manager and property manager focused on student housing. Financial terms were not disclosed. “We’re excited to announce this acquisition, which launches GFH’s operations in the US and provides us with direct access to the attractive living space and provides the Group with local and well positioned access in the US to help execute our real estate strategy,” Hisham Alrayes, GFH CEO.