In 2012, Alrayes assumed leadership of the group; prior to that, he was GFH’s chief investment officer. GFH Financial Group reported a profit of $81 million for the first nine months of 2023, a 13.4% increase compared to the same period in 2022. In October 2023, GFH acquired a food services and logistics business in Saudi Arabia, a company with a current enterprise value of approximately $133.3 million. In June 2023, the company launched GFH Partners, focused on expanding the group’s global asset management capabilities with a focus on the real estate sector. As of November 2023, GFH managed $18 billion in assets, of which real estate accounted for over $6 billion.