Bahrain’s GFC formulates new business model
The Gulf Finance House of Bahrain said that it is hoping to receive more active investments to salvage the investment firm’s falling figures. A new business model was proposed which consists of new strategy calls such as better involvement with the investments that the firm creates, and better decision making on projects which are in development. Previously, the GFC passed such projects to third party developers without considering to halt their completion. The firm’s acting chief executive Hisham Al Rayes said that they were now looking at fundamentals and more calculated risks. Instead of using sub-developers the company is now going vertical in the development of its projects.