GFH Financial Group (GFH) has distributed $53 million to its funds’ investors who currently have underlying investments in Bahrain, the UAE, the United States and India.

Based on its revised strategy, GFH has over the last 18 months invested in projects, which provide steady cash yields for its investors.

In line with this, diversified US residential portfolio (DURP), an investment in multi-family US residential assets distributed dividends of $1.3 million to its investors.

The portfolio consists of two multi-family residential properties, one based in Houston and the other based in Atlanta. The properties together comprise nearly 1,300 apartments and have an overall occupancy of 94 percent.

The GFH Group has also distributed semiannual dividends of $1 million for the year 2014-2015 for Philadelphia Private School (PPS) based in Dubai. The estimated worth of the school is AED140 million.

Focusing on the industrial sector, Cemena Investment Company has distributed dividends of $7.9 million. Cemena owns Falcon Cement Company’s (FCC), which is Bahrain’s first integrated cement plant and Aluminum Extrusion Company (Balexco). In the last three years, GFH has been able to return part of Mumbai Economic Development Zone’s (MEDZ) Project capital, which sums to $43 million.

MEDZ is GFH’s flagship project in India and comprises two core components — the Energy City Navi Mumbai (ECNM) and Mumbai IT & Telecom City (MITTIC) projects covering nearly 1,300 acres of prime development land at Navi Mumbai in the western Indian state of Maharashtra.

Group CEO Hisham Al-Rayes said: “With these cash distributions we were able to fulfill our promise to our investors, which confirms the flexibility and the efficiency of the group’s strategy. During the year, we have also invested in an operating mall in Jeddah and another British curriculum school in Dubai; dividends will flow to investors from next year.”