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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Gulf Finance House restructuring continues

Posted on 08 June 2012

Recent press reports suggest Islamic investment bank Gulf Finance House is continuing to restructure its balance sheet. Bahrain-based bank had received approval to use reserves to write-off $31.26 million of accumulated losses.
Last month Gulf Finance House (GFH) said creditors hold $110 million in GFH Sukuk had agreed to extend repayments over six years………………………………………..Full Article: Source

 
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