Saturday 19 April 2014
 
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GFH

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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GFH eyes cut in share capital, sukuk

Bahrain-based Gulf Finance House will seek shareholder approval later this month for a potential reduction in share capital and to issue a convertible sukuk of up to $500 million to restructure debt and fund new projects. The Isla

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GFH signs key real estate deals in India

Gulf Finance House (GFH), a Bahrain-based Islamic investment bank, has signed two key real estate development deals in India. The deals, which were signed on the sidelines of the Bahrain-India Business Forum in Mumbai, held as par

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Gulf Finance House posts $6.3m profit

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, today reported a net profit of $6.3 million for 2013, compared to $10.03 million in 2012.   The year was marked by the resumption of main stream of placemen

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GFH to sell 75pc in Leeds United

Bahrain-based investment firm Gulf Finance House (GFH) said on Monday it was offloading 75 per cent of English soccer club Leeds United to a consortium of British investors and would retain a 10 per cent stake following the sale.

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GFH sells part of Leeds United stake

Bahrain-based investment firm Gulf Finance House (GFH) has agreed a partial sale of its stake in English soccer club Leeds United, the firm said in a statement on Wednesday. GFH said the sale was agreed with British investors, who

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GFH 9-month profit down

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, reported a net profit of $1.02 million for the first nine months of the year, compared with $7.54 million in the corresponding period of 2012. Total income for t

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Leeds United chairman buys stake in GFH

Bahrain-based investment firm Gulf Finance House (GFH) said on Tuesday that a family consortium led by chairman of English soccer team Leeds United had bought a 5.71 percent stake in the company. Salah Nooruddin, a Bahraini busine

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Gulf Islamic banks seek realistic ambitions

Management changes at some of the Gulf's best-known Islamic investment banks point to a fresh start for a sector which is emerging from the global financial crisis with less leverage and more realistic ambitions.  

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