Bahrain's Gulf Finance House (GFH) said on Wednesday that it had signed to obtain a $105 million, five-year Islamic credit facility from Kuwait Finance House (KFH), which would help GFH redeem two syndicated debt facilities and allow the rel
Bahrain's Gulf Finance House reported a 252 per cent increase in second-quarter net profit on Wednesday.
The firm, which suffered heavily in the wake of the global financial crisis and required multiple debt restructurings, ma
Gulf Finance House (GFH), the Bahrain based Islamic investment bank, has signed a land sale agreement with Dubai Properties Group (DPG) to establish a new mixed-use residential development in its Dubailand district.
Kuwait's Capital Markets Authority (CMA) has rejected an appeal by Bahrain-based Gulf Finance House (GFH) against the regulator's decision to monitor its Kuwait-listed shares, the investment firm said on Monday.
The CMA de
Bahrain-based Gulf Finance House expects to complete a proposed capital reduction by the end of the second quarter, the Islamic investment firm said in a bourse statement on Monday.
Under the proposal, which still requires regulat
Bahrain-based Gulf Finance House (GFH), a leading Islamic investment bank, has reported a net profit of $1.1 million for the first quarter (Q1) of the year compared to $1.5 million for Q1 of 2013, marking a drop of 26.6 per cent.
Bahrain-based Gulf Finance House (GFH) has said its financial position is in good shape, with no significant risk to operations and that its projects are progressing well.
In a statement yesterday, the Islamic investment bank blam
Gulf Finance House (GFH), Bahrain-based Islamic investment bank, plans to issue a sukuk or arrange new debt facilities of up to $500 million, said a report.
The funds raised will be used to restructure the current liabilities, dev
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
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