GFH to sell stake in Bahrain Financial Harbour | Reuters

Gulf Finance House GFHB.BH (GFHK.KW) will sell its 50 percent stake in Bahrain Financial Harbour Holding to Emar Bahrain, GFH said in a statement on Monday.

The sale, which is part of the cash-strapped firm's strategy of divesting non-core assets, come as Gulf Finance House raises funds to repay the remaining $100 million of a $300 million loan.

Analysts have valued GFH's stake in Bahrain Financial Harbour at about $175 million.