Tagged: Esam Janahi

Gulf Finance House net profit hits $10 million

Gulf Finance House net profit hits $10 million

Gulf Finance House (GFH) yesterday reported a net profit of $10.03 million last year as compared to $0.38m in 2011. The profitability is attributed to profitable investments as well as significant restructuring, including the Leeds United football club…

Gulf Finance House CEO has left -sources

Gulf Finance House CEO has left -sources

Bahrain’s Gulf Finance House GFHB.BH (GFHK.KW) Chief Executive Ted Pretty, who cut costs and rolled over debt but failed to kick start revenues, has left the cash-strapped firm.
A second source confirmed the departure. The sources said that disputes wi…

Gulf Finance House to raise $500 million

Gulf Finance House to raise $500 million

In order to rescue Gulf Finance House from the brink of bankruptcy and finance the shareholders have approved a plan to raise up to $500 million.
They also agreed to an asset swap between GFH and its chairman, Esam Janahi, under which Mr Janahi is to t…