Integrated Capital (IC), the capital markets arm of UAE-based Abu Dhabi Financial Group (ADFG) will buy a 10% stake in Falcon Cement Company from GFH Financial Group.
A sale agreement in this regard has been sealed between GFH and IC, which is also interested in underwriting Falcon Cement's initial public offering planned later in 2016 on the Bahrain Bourse.
The IPO is subject to the receipt of regulatory and internal approvals.
