BAHRAIN: GFH Financial Group has acquired a majority stake in Byrne Equipment Rental, a UAE-founded industrial services and equipment rental provider operating across the GCC. The transaction involves the purchase of a 60% stake in Byrne Equipment Rental, which maintains operations in the UAE, Saudi Arabia, Oman and Bahrain, with a fleet of around 16,000 units. GFH Financial Group stated that the investment aligns with its strategy of deploying Shariah compliant capital into asset-backed, mission-critical businesses linked to regional infrastructure and development activity. Byrne Equipment Rental serves more than 1,100 corporate clients across sectors including oil and gas, construction, utilities and events. The acquisition was completed in early February 2026.
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