29.10.2009 - GFH sells 10pct stake in QIB for $50 mln
From Arabnews.com: Regional Islamic investment banking company Gulf Finance House (GFH) has sold a 10 percent stake in Qatar’s leading investment bank Qinvest to Qatar Islamic Bank (QIB) for $50 million. GFH launched Qinvest in partnership with QIB in 2007 and had retained an initial 15 percent stake. GFH confirmed it will still keep the remaining third. The bank said it did not foresee the sale affecting its third quarter financial results for the current fiscal year...........................Full Article: Source
Print