GFH staff take part in key course
Manama, June 8, 2008
Gulf Finance House (GFH) recently hosted a three-day intensive training course to ensure that staff members are up-to-date on the latest International Financial Reporting Standards (IFRS).
Participants were updated on changes to existing standards and discussed the new IFRS standards for first application in 2009, as well as those still under discussion.
Given the recent changes in IFRS, it is imperative to keep pace with the latest information, a statement said.
GFH financial statements are IFRS compliant, and the bank’s shares are listed on various regional stock exchanges, it said. GFH is also listed on the London Stock Exchange.
Salah Rahimi, CFO, stated: "The course helped our finance department staff to get updated with the latest changes in IFRS. This effort will help GFH ensure that the highest levels of disclosure and transparency are achieved in its financial reporting."
The sessions were held at the Radisson SAS Diplomat Hotel in Manama and also included staff from Khaleeji Commercial Bank (KHCB). Ian Charles from Emile Woolf International, a leading provider of specialist IAS/IFRS training based in the UK, delivered the course. –TradeArabia News Service