Tagged: Gulf Finance House

GFH net profit soars 50pc to $1.5 million

GFH net profit soars 50pc to $1.5 million

Bahrain-based Islamic investment bank Gulf Finance House (GFH) reported a 50 per cent increase in net profit at $1.5 million for the first quarter this year. Total income for the period was at $11.1m. Income was primarily from fees from funds under man…

GFH receives nod to restructure WestLB facility

GFH receives nod to restructure WestLB facility

Bahrain-based Islamic investment bank, Gulf Finance House (GFH) has secured approvals from 32 syndicates for the restructuring of WestLB Murabaha facility. GFH also obtained approval from its sukuk holders to restructure its outstanding debt amounting …

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 denies reports of suspension of acting CEO

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.

GFH Capital, Leeds United and Shari’ah law

GFH Capital, Leeds United and Shari’ah law

The takeover of Leeds United Football Club by GFH Capital raised disputes on the level of Shari’ah compliance associated with the deal. A statement by David Haigh, deputy chief executive officer and chief operating officer of GFH Capital, stumbled up…

More musical chairs in Bahrain

More musical chairs in Bahrain

The chief operating officer of Bahrain-based Islamic investment bank Gulf Finance House – Haider Al Majali – has resigned. At the time of going to press, no name of a new COO has been mentioned. Meanwhile, the country’s position as an Islamic finance c…