Gulf Finance House BSC (GFH), the Bahrain based Islamic investment bank has appointed Kuwait Investment Company to assist the bank’s recapitalisation and planned $500 million convertible Murabaha.
Kuwait Investment Company’s appointment opens up an opportunity to individual, private investors who will now – through KIC – be able to participate in the capital increase. The funds raised will be used by GFH to re-capitalise the bank and to transform GFH in to an institution focused solely on the creation, development and management of Islamic financial institutions offering a range of financial products and services to corporate and retail clients. The aim of the restructuring is to create a more stable business model of recurring revenues.
GFH is listed on the Kuwait Stock Exchange, the Bahraini Stock Exchange, the Dubai Financial Market and the London Stock Exchange in the form of a GDR. It has been responsible for the creation of various institutions such as First Energy Bank, QInvest, Syria Finance House, Inovest, Khaleeji Commercial Bank and Arab Finance House.
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