Gulf Finance House denies reports of suspension of acting CEO

Gulf Finance House (GFH) has issued a statement denying the suspension of the firm’s Acting CEO Hisham Alrayes. GFH clarified that its ex-CEO Mr Ted Pretty and Ex-Deputy CEO Mr Mohd Al Nusu were suspended for a period of three months. Both have already resigned from the company. According to the statment, the CMA had not imposed any financial penalty on the firm.

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