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

GFH seeks shareholder nod for recapitalisation

Posted on 18 October 2010

From Emirates247.com: Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has called for a shareholders meeting to approve its recapitalisation plan.
The plan includes a 4:1 consolidation of shares, a reduction in paid-up capital and the issuance of an equity-linked convertible Murabaha of up to $500 million, the company said in a statement on Saturday……………………………………….Full Article: Source

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