News Column

Gulf Finance House pays down more debt

August 5, 2014

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, said in a bourse statement that it has recently repaid $25 million to debt holders marking total debt principal repayments of $33 million so far in 2014.

This sum represents more than 15 per cent of GFH's total outstanding facilities. The repayments, said GFH, 'highlight the bank's ongoing commitment to meeting obligations to debt holders in line with the restructuring terms concluded in 2012 and the bank's business plan.

GFH's outstanding facilities stand today at $169 million, representing a leverage ratio of close to 0.28.

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Source: CPI Financial

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