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Islamic Finance Briefing - Categorized | Finance, Performance more

Gulf Finance on a seven-month high

Posted on 04 January 2010

From Gulfnews.com: Gulf Finance House EC surged the most in more than seven months after the Bahraini investment bank said it will reduce its liabilities by $290 million (Dh1,067) after exiting its investment in Dubai. The shares gained 10 per cent, its biggest gain since May 21, to $0.33 at 11.34am in Bahrain yesterday.
The company took $300 million non-cash charge against its proprietary Dubailand position and has no remaining material exposure to Dubai, it said yesterday in an e-mailed statement……………………………………Full Article: Source

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