GFH Financial Group to acquire a majority stake in Gulf Central Company.

GFH Financial Group, a financial investment group, agreed to acquire a majority stake in Gulf Central Company, a Saudi Arabian food services and logistics business, for $133m. “With the support of GFH as our partner, we aim to invite our foreign suppliers to set up facilities in Saudi Arabia, wherever possible. Through this, the company will enter into a new phase of growth and strengthen its market positioning further,” Shafqat Khan, Gulf Central Company CEO.