Sheikh Ahmed bin Khalifa al-Khalifa, who has over two decades of experience in banking and government posts as well as board memberships in other firms, became GFH chairman. Ahmed al-Mutawa, who had served as GFH chairman for three years, became vice chairman, the company said.
GFH, which was hit hard by the global financial crisis, aims to rebuild its business through acquisitions and last week said it was in talks to acquire or merge with several financial institutions including Dubai's Shuaa Capital .
(Reporting by Andrew Torchia; Editing by Hugh Lawson) ((email@example.com; +9715 6681 7277; Reuters Messaging: firstname.lastname@example.org))
© Copyright Zawya. All Rights Reserved.