Bahrain-based Islamic investment bank GFH Financial Group (GFH) has signed a memorandum of understanding to buy a majority stake in Bank Al Khair, a Bahraini lender with a presence in several countries, GFH said on Monday.
GFH Financial Group has announced a net profit attributable to shareholders of $11.5 million for the first half of the year ended June 30, 2016, a 248 per cent increase from the $3.3 million recored during H1 2015.
The group repor
Bahrain-based Islamic investment firm GFH Financial Group (GFH) has announced it has repaid $45 million to its debt syndicates, reported the Gulf Daily News, our sister publication.
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GFH Financial Group (GFH) has announced plans to list its Khaleeji Commercial Bank (KHCB) at the Dubai Financial Market (DFM) to unlock its market potential.
The listing is subject to obtaining regulatory approvals in Bahrain, sai
GFH Financial Group (GFH), a leading regional financial services group, has been recognised as the ‘Best Investment Bank – Bahrain’ at the 2016 Banker Middle East Industry Awards.
The results were determined by a
Bahrain-based GFH Financial Group (GFH) has registered a net profit of $6.1 million for the first quarter, up 176 per cent over $2.2 million for the same period last year.
Announcing the Q1 results, GFH said it had netted a consol
Bahrain-based GFH Financial Group (GFH) has announced that it has concluded a final settlement with one of its ex-chairmen in a legal case and has recovered approximately $4 million in cash, shares and real estate from him.
GFH Financial Group (GFH), a prominent GCC-based financial group, has signed an agreement with Palace Revive Developments Limited worth £100 million ($142.7 million) to be a key partner in the prestigious No 1 Palace Street development in
GFH Financial Group has signed a sale agreement with Integrated Capital (IC), the capital markets arm of Abu Dhabi Financial Group (ADFG), under which IC will acquire a 10 per cent stake in Bahrain's Falcon Cement Company (FCC) from GFH.