GFH wins Islamic investment bank award
Manama, February 16, 2013
Bahrain-based Gulf Finance House (GFH), the parent company of Leeds United Football Club owners GFH Capital, said it has been named the ‘Best Islamic Investment Bank’ for 2012 at the prestigious CFI.co Awards.
A London-based print journal, Capital Finance International’s Award programmes identify and applaud individuals and organisations that add true value with their operations in niche areas.
Initial nominations are based on input from readers, subscribers and visitors to CFI.co with a judging committee selecting the winners.
GFH said it won recognition for its steadfast approach to investing primarily in high quality infrastructure and private equity projects that help provide sustainable growth opportunities in the region.
An innovative approach to Islamic financial structures and recent recognised restructuring activities for the bank and its projects that benefit all stakeholders have placed GFH as a leading example of modern Islamic finance.
Following on from the global financial crisis and bank restructuring, GFH welcomed the successes of 2012, in which it demonstrated resilience and the ability to thrive in all climates, diversity and the scope to compete on the world stage.
It returned to profitability and success along with moving to new innovative areas of investment including its subsidiary GFH Capital’s acquisition of Leeds United Football Club.
Hisham Alrayes, the acting CEO said: "We at GFH are proud that the Bank has been recognised and awarded the ‘Best Islamic Bank in Bahrain’ by Capital Finance International. Receiving this award is a testament of GFH’s commitment to formulate and operate in niche and profitable areas."
"Over the years we have earned a formidable reputation for securing innovative investment opportunities that reward investors with excellent returns, in recent years we have excelled in restructuring activities and reigniting the business and we are proud to receive this award in recognition," he stated.
“We always continue to identify and create investment opportunities that balance risk with reward with an aim to provide unique Islamic investment banking offerings to our investors and shareholders,” he added.-TradeArabia News Service
More Finance & Capital Market Stories
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award
- Alba backs Euromoney forum
- URC bond rating upgraded to stable outlook
- GCC urged to set up onshore financial centres
- Consolidation push paying off for Bahrain banks
- Mubadala to focus more on US, Europe
- Six banks join plan for shared customer data register
- UAE economy grows 4pc in 2013
- Egypt foreign reserves up to $17.3bn