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Islamic Finance Briefing - Categorized | Finance, Performance more

Gulf Finance House posts Q1 loss, shares fall

Posted on 20 May 2009

From Reuters: Bahrain-based Islamic lender Gulf Finance House posted another, deeper quarterly loss on Tuesday due to investment provisions as the economic downturn hit real estate and infrastructure projects.

Gulf Finance House’s dual-listed shares fell 7.7 percent on the Kuwait bourse after the bank posted a net loss of $37.7 million in the first quarter following $43 million in provisions taken on investments………..Full Article: Source

 
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