Gulf Finance House (GFH) would like to clarify that the story reported in the media yesterday (Monday, 11th June, 2012) and on the stock exchange websites regarding the interest of an investment authority owned by a Kuwaiti government entity in purchasing a material controller stake in Gulf Finance House, is incorrect. No investment authority has approached GFH, GFH's management or GFH's Chairman with regards to purchasing a controlling stake in the Bank.
As per the regulations established by GFH's regulator, the Central Bank of Bahrain (CBB), any material shareholding above regulatory benchmarks must be reported immediately, and GFH continues to be in complete compliance with CBB regulations.
About Gulf Finance House
Since its establishment in 1999, Bahrain based Gulf Finance House (GFH) has been a driving force in the development of regional Islamic financial institutions and infrastructure projects across the Middle East. Its shares are 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 leading Middle Eastern financial institutions such as First Energy Bank, QInvest, Syria Finance House, Inovest, Khaleeji Commercial Bank and Arab Finance House. In addition, GFH has created a wide range of significant economic infrastructure projects across the MENA region and beyond.
GFH is currently transitioning to a new business model which will see the business focus on becoming a global leader in the creation and development of Islamic financial institutions.
For further information please contact:
Amal Turki
Head of Corporate Communications
Tel: +973 17538538
Email: aturki@gfh.com
Website: www.gfh.com
© Press Release 2012
