27.10.2009 - GFH realizes US$50 mln in partial sale of Qinvest to QIB
Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank today announced the signing of an agreement with Qatar Islamic Bank (QIB) relating to the sale of 10% of its 15% stake in Qinvest to QIB. Qinvest, now Qatar’s leading investment bank was conceived by GFH in partnership with QIB and launched in 2007 and GFH will retain a 5% share holding in the Bank. This sale will realize approximately US$50 million in liquidity which is in addition to the US$150 million in capital already raised so far from its rights issue and the planned US$100million investment by Macquarie Group for the GFH convertible murabaha........................Full Press Release: Source