"GFH Capital" includes strategic partners of "The Intertner"

JFH Capital, the wholly-owned portfolio management company of GFH Finance Group, announces its partnership with Al Futtaim Group to complete the process A major acquisition of The InterTiner, one of the leading providers of discount applications, reward points and other technology applications meeting the region's requirements for lifestyle.

Founded in 2001, The Interinterner, valued at $ 150 million in the United Arab Emirates, has rapidly evolved into a strong brand in the region and in many countries around the world thanks to its strong relationships and state-of-the-art technology. Consumers in 15 countries in the Middle East, Europe, Asia and Africa offer unmatched prices and special prices in the world's most famous restaurants with famous names, tourist attractions, leisure activities, golf clubs, water parks, beauty centers, gyms and fitness centers. In addition to discounts on accommodation worldwide.

In order to achieve strategic value in The Intertner, GFH signed an investment agreement with Al-Futtaim Group and Al Zarooni Investment Company, where they obtained the minority stake in The Intertner Company alongside JFH, where they will play a vital role. To achieve a higher value for Entertainer.

Al-Futtaim Group is one of the largest and most innovative organizations in Dubai and has entered into partnerships with the world's largest and most innovative brands, including in the automotive, retail trade, real estate and financial services. In 29 countries of the Middle East, Africa and Asia. "We are delighted to invest in the technology sector, which is experiencing strong growth in the region through the partnership with Al-Futtaim Group, one of the biggest names in the region," said the president. KHF, Sheikh Ahmed Khalifa Al Khalifa. In the Middle-East.

"Interinterner has established itself as a market leader and, with the support of GFH and its investors, we plan to accelerate the company's plans to seize many regional and global opportunities to double the size of the company.The next three years. "We look forward to working closely with our partners and our management team, with the appointment of Jassem Al-Sudaiqi as chairman of the board of directors. administration of The InterInterner for its extensive experience in investing in technology and support services, value-added technologies and areas of choice comparable to those currently available in global markets

Marwan Shehadeh, Director Al Futtaim Group's development, said: "We believe that there is huge potential in the areas of technology and software of the lifestyle Modern, and that The InterTiner is a market leader in the Middle East, We are confident that the strong presence of the company at the international level can add value to the efforts of the company to establish its network of consumers and traders in the Middle East, Africa and Asia, one of the regions with strong and lasting relationships. Do not forget the IK work for our Facebook page and follow the latest news on Twitter. With greetings from the Oyoun Al Khaleej family, GFH Capital includes strategic partners from The Intertner, follow us on the social networking sites of our website to receive news.
Source: Newspaper News