Wednesday 30 July 2014
 
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GFH

GFH to invest $30m in Dubailand

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has announced that it is investing $30 million in Dubailand to acquire a plot of 1.2 million sqft.   In a clarification, the investment bank revealed

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GFH Ex-deputy CEO awaits quizzing

A British citizen being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) claims he is still waiting to be interviewed by police or prosecutors in Dubai, according to a statement issued on his behalf. &

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Dubai court freezes assets in GFH fraud case

A Dubai court has extended an order to freeze the worldwide assets of a former official of GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House (GFH).   David Haigh, former managing directo

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Leeds United ex-boss 'accused of $5m fraud'

The former Leeds United chief David Haigh has been accused of financial mismanagement amounting to $5 million by his previous employer Gulf Finance House Capital, a report said. Documents from the Dubai International Financial Cen

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Ex-GFH official accused of $6.45m embezzlement

A former managing director of English Championship club Leeds United has been arrested in Dubai on charges of embezzling 23.7 million dirhams ($6.45 million) from an investment bank he used to work for, the emirate's police force said in a s

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Arrest not linked to Leeds United stake sale: GFH

GFH Capital, the Dubai-based investment bank and fully owned subsidiary of Gulf Finance House, has clarified that the arrest of its former deputy CEO David Haigh in Dubai is not related to its sale of stake in Leeds United. In a s

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GFH appeals Kuwait regulator monitoring

Bahrain-based Gulf Finance House (GFH) has appealed a decision by Kuwait's financial regulator to monitor its Kuwait-listed shares after the stock was traded in high volumes ahead of a company disclosure last year. In recent m

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Kuwait gives GFH deadline on AGM

Kuwait's financial regulator has given Bahrain-based investment firm Gulf Finance House until Sunday to hold its annual general meeting (AGM) and approve 2013 results or face a suspension of its Kuwait-listed shares. The watch

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GFH shareholder meeting on April 7

Bahrain-based Gulf Finance House has issued a statement advising its shareholders that the ordinary and extraordinary general meeting schedules for today (March 31) was unable to meet the quorum. Hence, a second meeting will be he

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Move to cut share value will reduce losses: GFH

Gulf Finance House (GFH) has clarified that its move to cut the nominal value of its shares is to reduce a large portion of the accumulated losses from the company’s books, a statement said. GFH plans to reduce the nominal v

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