Monday 26 September 2016
 
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GFH

GFH aims to buy control of Bank Al Khair

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 did

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GFH posts $11.5m net profit in H1

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

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GFH repays $45m to debt syndicates

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. To read further, please visit

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GFH plans to list Khaleeji Commercial in Dubai

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

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GFH wins top award at Banker Middle East

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

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GFH posts $6.1m net profit in Q1

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

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GFH recovers $4m in bonus case

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 wa

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IIRA reaffirms positive outlook for GFH

Islamic International Rating Agency (IIRA) has reaffirmed GFH Financial Group’s (GFH) international rating as  ‘BB/B’ and its national scale rating as ‘BB+(bh)/B(bh)’ along with a ‘positive’ outlo

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GFH joins major London project in $142m deal

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

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ADFG buys 10pc stake in GFH cement unit

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.

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