40 per cent dividend for GFH in 2008
Gulf Finance House (GFH) said that the Annual General Meeting has approved a cash dividend payout of $52.56 million for the fiscal year 2008. This, they say, is equivalent to 20 per cent of the par value of the paid-up capital. In addition a further 20 per cent will be paid in the form of bonus shares. This was driven by strong end of year profits of $291 million.