GFH says Intergrated Capital transfers shares
(Gulfnews - 22/06/2017)
Gulf Finance House (GFH) said Integrated Capital (IC), owned by Abu Dhabi Financial Group has transferred GFH's shares to Ajman Bank. IC transferred 21 million shares to the bank, and will transfer another tranche of 19.7 million shares by next week. As
Ithmaar Bank staff earn professional certificates in Islamic finance f
(Saudi Gazette - 12/06/2017)
TEN employees at Ithmaar Bank, a Bahrain-based Islamic retail bank, who recently earned professional certificates in Islamic finance from the Bahrain Institute of Banking and Finance (BIBF) were honored at a ceremony hosted by the BIBF and attended by
Investcorp acquires Nordic telematics firm ABAX
(CPI Financial - 06/06/2017)
Investcorp, a provider and manager of alternative investment products, has completed the acquisition of ABAX Group ("ABAX" or the "Company"), an international market leader in the development and supply of vehicle tracking systems technology, from
GFH confirms withdrawal from potential acquisition of SHUAA Capital
(CPI Financial - 06/06/2017)
GFH has confirmed to its shareholders and the markets that it has withdrawn from the potential acquisition of SHUAA Capital due to both parties not reaching agreed acquisition terms and not receiving initial regulatory approval yet. According to a
GFH confirms it has withdrawn from talks to buy Shuaa Capital
(The National - 06/06/2017)
GFH, the Bahraini Sharia-compliant investment firm, said yesterday in a clarification to the Bahrain stock market that it was postponing discussions to acquire the Dubai-based investment bank Shuaa Capital after an agreement over the terms of the
GFH pulls back from talks to buy Shuaa Capital
(Gulfnews - 05/06/2017)
Bahrain's GFH Financial Group (GFH) has pulled back from talks to buy Dubai-based investment firm Shuaa Capital, which has a market value of $432 million, in an unexpected move. GFH did not provide a reason for the withdrawal from the talks that were
GFH receives $2.5 million in legal settlement from Prescott Energy
(CPI Financial - 01/06/2017)
Bahrain Chamber for Dispute Resolution ruled in favour of Gulf Finance House (GFH) in a proceeding the financial institution brought against Prescott Energy and several others in 2013. In an announcement on the Dubai Financial Market, GFH stated that it
Al Baraka Banking Group completes inaugural Sukuk transaction
(CPI Financial - 01/06/2017)
Following a 15 year presence in the Shari'ah compliant market, ABG has successfully completed the transaction of its maiden Sukuk issuance. The Sukuk was well received in the GCC, Asian and European markets, and was five times oversubscribed, receiving
GFH recovers $2.5m in legal case
(Gulfnews - 01/06/2017)
Bahrain-based GFH Financial Group said on Wednesday it has recovered $2.5 million (Dh9.18 million) in cash in a legal settlement against Prescott Energy. The recovery of the cash is expected to have a positive impact on GFH's financial results for the
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