Wed, Sep 17, 2014
A A A
Welcome bhaimia
RSS

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

GFH in $300 mln rights issue

Posted on 13 August 2009

From Cpifinancial.net: Gulf Finance House (GFH) is planning to raise up to $300 million of fresh capital in a rights issue, which it says is “designed to strengthen the balance sheet and enable the bank to engage in a number of high value investment opportunities presented by the global economic downturn.”

GFH said the rights issue, which has already received the Central Bank of Bahrain’s ‘in principal’ approval, will also support long term expansion and diversification plans of the bank as it “looks to new geographies.” The rights issue remains subject to shareholder approval…………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930