Mubasher: GFH Bank, formerly known as GFH Financial Group, penned a strategic memorandum of understanding (MoU) with OCTO Management Consultancies (OCTO) to develop a $300 million logistics and industrial real estate platform across Saudi Arabia and the UAE.
The partnership aims at capitalizing on the strong growth fundamentals underpinning the logistics and industrial sectors across the GCC region, according to a press release.
Under the agreement, GFH will act as investment manager and development partner for the platform, which will focus on logistics and industrial development opportunities in the two countries.
The strategy will mainly target development-stage assets with a balanced mix of build-to-suit and speculative developments designed to capture growing occupier demand and attractive long-term value creation opportunities.
Luay Ahmadi, Managing Director—Global Head of Institutions at GFH, stated: “The logistics sector across Saudi Arabia and the UAE continues to benefit from strong structural tailwinds supported by economic diversification strategies, expanding trade flows, and sustained demand for modern warehousing and distribution infrastructure.”
Ahmadi added: “This partnership reflects our continued focus on identifying thematic sectors with strong long-term fundamentals and delivering compelling investment opportunities for our investors through disciplined development and asset management capabilities.”
Jekaterina Cernova, Founder of OCTO Management, said: “Through this partnership, we aim to provide investors with access to high-quality logistics and industrial opportunities in Saudi Arabia and the UAE, supported by strong market fundamentals and GFH’s extensive experience in wealth and investment management.”
In the first quarter (Q1) of 2026, the cross-listed bank generated 11.90% higher net profits at $34.34 million, compared to $30.69 million in Q1-25.
GFH currently manages assets and funds valued at approximately $24 billion, including a global investment portfolio spanning the GCC, the US, and Europe, across sectors including logistics, healthcare, education, technology, and real estate.
