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GFH plans to sell $250 mln of assets in Q1

Posted on 17 February 2010

From Reuters: Gulf Finance House (GFH) is in talks to sell its stakes in Khaleeji Commercial Bank as well as its real estate projects, expecting a return of $250 million, its acting CEO said on Tuesday.
Ted Pretty told the Reuters Islamic Banking and Finance summit in Manama that the troubled investment house is in talks with banks, sovereign institutions and real estate developers and hopes to complete the sales by the end of the quarter…………………………………Full Article: Source

 
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