Recent Research

• 

  FIRST LOOK NOTES

  25 Aug 2026

  GFH Bank BSC

  HOLD

  Last Closing Price

  1.92

  Target Price

  2.05

  Upside (%)

  +6.77%

  UAE Equity Research - GFH Bank (GFH) 2Q26 - First Look Note

  Total income increased 8.8% YOY to USD 159 Mn in 2Q26, supported by stronger Wealth & Investment Management and Credit & Financing income. Total assets and assets under management declined from USD 24.1 Bn in 1Q26 to USD 23.9 Bn in 2Q26.

  Download
• 

  EARNINGS CALL INSIGHT

  18 Aug 2026

  GFH Bank BSC

  HOLD

  Last Closing Price

  1.93

  Target Price

  2.05

  Upside (%)

  +6.22%

  UAE Equity Research - GFH Bank 2Q26 - Earnings Call Insight

  Total income increased 8.8% YOY to USD 159 Mn in 2Q26, mainly driven by higher Wealth & Investment Management and Credit & Financing income partially offset by decline in Treasury and Proprietary income.

  Download
• 

  FIRST LOOK NOTES

  21 Nov 2025

  GFH Bank BSC

  HOLD

  Last Closing Price

  2.13

  Target Price

  2.05

  Upside (%)

  -3.76%

  UAE Equity Research - GFH Financial Group (GFH) 3Q25 - First Look Note

  Assets under management increased from USD 21.5 Bn in 4Q24 to USD 23.5 Bn in 3Q25. Treasury & Proprietary segment contributed 60.9% of total income, amounting to USD 122 Mn in 3Q25. GFH maintained a healthy NSFR and LCR at 139% and 142%, respectively, during 3Q25.

  Download
• 

  FIRST LOOK NOTES

  02 Sep 2025

  GFH Bank BSC

  BUY

  Last Closing Price

  1.42

  Target Price

  1.65

  Upside (%)

  +16.20%

  UAE Equity Research - GFH Financial Group (GFH) 2Q25 - First Look Note

  Assets under management increased from USD 21.8 Bn in 4Q24 to USD 23.7 Bn in 1H25. Proprietary & Treasury segment contributed 63.7% of total income, amounting to USD 119 Mn in 2Q25. GFH maintained a healthy NSFR and LCR at 142% and 155%, respectively, during 2Q25.

  Download
• 

  FIRST LOOK NOTES

  26 May 2025

  GFH Bank BSC

  BUY

  Last Closing Price

  1.12

  Target Price

  1.50

  Upside (%)

  +33.93%

  UAE Equity Research - GFH Financial Group (GFH) 1Q25 - First Look Note

  Assets under management increased from USD 21.7 Bn in 4Q24 to USD 22.6 Bn in 1Q25. The Company’s core business, Investment Banking, continued to grow strongly, contributing 39% of the total income in 1Q25 compared to 28% in 1Q24.

  Download
• 

  FIRST LOOK NOTES

  07 Mar 2025

  GFH Bank BSC

  BUY

  Last Closing Price

  1.14

  Target Price

  1.50

  Upside (%)

  +31.58%

  UAE Equity Research - GFH Financial Group (GFH) 4Q24 - First Look Note

  Investment banking segment completed 13 deals in 2024. Total AUM increased to USD 22 Bn in 2024 from USD 20 Bn in 2023. Partnerships with leading acquired asset managers in the UK and US, providing access to high-potential investment opportunities. Solid liquidity with 48% of assets in cash and the treasury portfolio.

  Download

Load more reports