Al Rayes ... Infracorp to deliver returns from infrastructure and real estate assets.
GFH spins off Infracorp with $3bn portfolio
01 February 2022
Bahrain-based GFH Financial Group has announced the spinning out of its infrastructure and real estate assets under the newly established company, Infracorp, capitalised with more than $1 billion in infrastructure and developed assets into the company. The new entity will specialise in investments focusing on accelerating growth and development of sustainable infrastructure assets and environments across the Gulf and global markets.
The new firm will be managing a portfolio of near $3 billion of infrastructure assets including land bank in the Gulf, North Africa and South Asia approximately 250 million sq ft earmarked for sustainable economic and social infrastructure.
Specifically, the company focuses on investments in developing communities and investing in logistics and technologies that support sustainability and renewables as well as social infrastructure assets across the education and healthcare sectors.
On the successful transaction, CEO Hisham Alrayes says: “We’re delighted to announce this important milestone for GFH, further enhancing our financial position through the spinning out of our infrastructure assets into a specialised company.
“The launch of Infracorp has been in response to the significant need and opportunity for private sector investment in the development of sustainable infrastructure as global economies transition to becoming more equitable and socially and environmentally conscious.”
Unprecedented levels of capital are needed to both upgrade and develop sustainable foundations and Infracorp is well placed to put its capital, insight and ethos into investments that support sustainable growth, he notes.
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