Mubasher: GFH Financial Group said acquisition of a stake in its unit Falcon Cement Company by Arab Petroleum Investments Corporation (APICORP) will have a positive impact on GFH's cash flow.
APICORP buys a 30% stake in GFH’s unit, a bourse statement said, adding that GFH and its investors own a 70% stake in Falcon Cement.
The deal will also positively affect GFH's financial results for the fourth quarter of 2016.
