Friday 3 June 2011

Trading of GFH resumes after months-long hiatus - The National

Trading in shares of Gulf Finance House (GFH), a Bahraini Islamic investment bank, has resumed after a suspension that lasted almost eight months.

The hiatus began in October, when GFH said it was asking shareholders to contribute up to US$500 million (Dh1.83 billion) to a recapitalisation of the company after it ran into financial trouble during the global economic crisis.

The bank also said it would engineer a share consolidation, reducing the number of outstanding shares to increase the stock price.

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