Bahrain's Gulf Finance House, the investment firm hit hard by a regional property crisis, said on Sunday it plans to increase its capital base by $300 million.
In a statement to the Bahrain bourse, the Islamic investment firm said it plans to raise the capital 'imminently' but did not elaborate on how it plans the raise.
On Monday, GFH announced its plans for additional capital and asked the bourse to suspend trading in the stock until August 23."
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