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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Finance more

GFH, KIC signs agreement to assist with capital raising program

Posted on 11 February 2011

From Alwatan Daily: Gulf Finance House BSC (GFH), the Bahrain based Islamic investment bank announced that the Kuwait Investment Company (KIC) has been appointed to assist the bank with the recapitalization and raising up to 500 million US dollars program through a convertible Murabaha as part of the restructuring plan agreed to by shareholders.
KIC’s appointment opens up an opportunity to individual, private investors who will now - through KIC - be able to participate in the capital increase……………………………………….Full Article: Source

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