Infracorp posts $6.2m Q1 Profit | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Infracorp posts $6.2m Q1 Profit | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Infracorp, the social infrastructure group of GFH Financial Group, reported a net profit of $6.2 million on revenue of $17.4 million during the first three months of 2022. Making its first financial disclosure since launching earlier this year, Infracorp currently has $3 billion of assets under management. “The first financial statement indicates that Infracorp is well-positioned to achieve its goal of driving the development of sustainable infrastructure and making a positive contribution to future generations. We are delighted at the initial response to Infracorp’s launch and look forward to seeing the entity gain momentum in the coming months,” Hisham Alrayes, Chairman of Infracorp. In March, the company listed a $900 million green sukuk on the London Stock Exchange, the first-ever green sukuk to be listed on the exchange by a Bahraini entity. The company recently launched Harbour Views - an upmarket residential development in Bahrain. Located in Manama’s Harbour Heights area, the project has witnessed strong demand and is considered one of the country’s leading residential sites. Majed Al-Khan, CEO of Infracorp, commented: “Already, we have built a varied portfolio and diversified and sustainable operational revenue streams, providing a solid foundation upon which to build and generate value for shareholders