Thursday 21 August 2014
 
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Gulf Finance House

GFH Q2 net profit jumps 252pc

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

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GFH to develop mixed-use project in Dubai

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. The agreement,

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GFH loses appeal against Kuwait regulator monitoring

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

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GFH plans to cut paid-up capital

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

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GFH Q1 profit down 26pc to $1.1m

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.

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GFH financial position 'in good shape'

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

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Gulf Finance House plans $500m sukuk

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

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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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Gulf Finance House to start $3bn Tunisia project

Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islamic investment bank said on Monday.

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