From Gulf-daily-news.com: Bahrain-based Gulf Finance House (GFH) plans to reduce its capital and raise up to $500 million in fresh funds to plug the holes a regional property crunch cut into its balance sheet, it said yesterday.
The Islamic investment house said in August it would hold a shareholder’s meeting in October to approve plans to raise up to $300m through a murabaha, an Islamic equity-linked money market instrument……………………………………….Full Article: Source