Thursday 21 August 2014
 
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UK court freezes assets of ex-GFH unit official

A British national being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) has had his assets frozen by UK courts. Former GFH Capital deputy chief executive David Haigh is accused of a breach of contract and

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UK court freezes assets of ex-GFH unit official

A British national being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) has had his assets frozen by UK courts. Former GFH Capital deputy chief executive David Haigh is accused of a breach of contract and

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GFH's net profit soars 152pc to $10.6m

Bahrain-based Gulf Finance House (GFH), an Islamic investment bank, has posted a 152 per cent rise in consolidated net profit to $10.6 million for the first half ended June 30, compared with $4.2 million for the prior year period. The b

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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 list $200m sukuk on Nasdaq Dubai

Bahrain-based Gulf Finance House (GFH) has signed a memorandum of understanding with Nasdaq Dubai to list a new sukuk of $200 million. In a filing to the Bahrain Bourse, GFH said it plans to use the proceeds from the sukuk to repay curr

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GFH repays $25m to debt holders

Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million so far this year. In a statement to the Bahrain Bourse, the bank said this repr

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GFH to invest $30m in Dubailand

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has announced that it is investing $30 million in Dubailand to acquire a plot of 1.2 million sqft.   In a clarification, the investment bank revealed

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GFH Ex-deputy CEO awaits quizzing

A British citizen being sued for $5 million by a subsidiary of Bahrain-based Gulf Finance House (GFH) claims he is still waiting to be interviewed by police or prosecutors in Dubai, according to a statement issued on his behalf. &

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Dubai court freezes assets in GFH fraud case

A Dubai court has extended an order to freeze the worldwide assets of a former official of GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House (GFH).   David Haigh, former managing directo

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Leeds United ex-boss 'accused of $5m fraud'

The former Leeds United chief David Haigh has been accused of financial mismanagement amounting to $5 million by his previous employer Gulf Finance House Capital, a report said. Documents from the Dubai International Financial Cen

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