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

GFH plans rights issue

Posted on 01 April 2010

From Muslims.net: Islamic investment bank Gulf Finance House (GFH) plans to raise $345 million this month through a rights issue that will offer shareholders a 36 per cent discount over its current share price.

GFH, which specialises in financing for large real estate and infrastructure projects and announced plans for the rights issue last August, said in a statement it would offer around 908 million shares at $0.38 per share……………………………….Full Article: Source

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