Bahraini Islamic investment firm GFH plans to make a $230 million sukuk issue this year to help it fund acquisitions of two to three regional companies, the bank's chairman said.
The bank sold $170 million of convertible sukuk
GFH has restructured its balance sheet with both its cash and equity position much healthier and stronger now than it was before the financial crisis, according to the chairman of the Bahrain-based Islamic investment bank.
Bahrain-based Gulf Finance House (GFH) has announced its lead sponsorship as the Islamic banking partner of a major financial forum being organised by Euromoney in Bahrain.
GFH will support the fourth GCC Financial Forum, which is
Stalled residential projects that have blighted Bahrain's landscape for years will be given fresh impetus under new government plans.
Leading the charge is the multimillion-dinar Villamar development, first announced by the Ku
Gulf Finance House (GFH) said in a statement today that it has completed its capital increase programme aimed towards projects developments and acquisitions.
The programme was approved by the extraordinary general assembly on Apri
Three leading US universities have agreed to set up a new American University at the upcoming Tunis Financial Harbour, a $3-billion mixed use project being developed by Bahrain-based Gulf Finance House (GFH) in Tunisia.
Bahrain's Gulf Finance House said on Monday that it had no information to disclose after its shares jumped in heavy trading on the Dubai and Kuwait exchanges.
"We would like to advise our shareholders and the markets that
Gulf Finance House (GFH), a Bahrain-based Islamic investment bank, has signed up renowned French consortium led by Alliance International Holding for the development of the first phase of its Tunis Bay project.
The $3-billion Tuni
Bahrain's Gulf Finance House (GFH) is in talks on buying two asset management firms for a total of up to $500 million and is planning to increase debt to finance the deals as it builds a diversified financial group, its chief executive said.
Bahrain's Gulf Finance House (GFH) plans to up its stake in Khaleeji Commercial Bank (KCB) to gain majority ownership, its chairman was quoted as saying by a television channel on Thursday.
Ahmed Al-Mutawa said in an interview