Thursday 29, October 2009 by

GFH rights issue passes $200 million

Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank has announced that receipts from its rights issue have now passed the $200 million mark. The news comes just days after the bank confirmed it had received approximately $150 million from the capital raising exercise and means GFH have now met their stated target of between $200 and $300 million in fresh capital from the rights issue, two days before its close on Thursday 29th October.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more