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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic bank Gulf Finance House seeks better times

Posted on 28 May 2012

Gulf Finance House is eyeing acquisitions and restarting stalled projects in Bahrain in an effort to turn around its fortunes. The Islamic investment bank had been one of Bahrain’s biggest deal makers before the financial crisis, but it was humbled by the collapse in the property market and dwindling investment banking business.
It reached an agreement with sukuk holders last week to push back repayment on US$110 million (Dh404m) of Islamic bonds for six years………………………………………..Full Article: Source

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