GFH Financial Group (GFH) has paid the entire amount of its $200 million Sukuk which was originally drawn in 2007.

The facility was funded by a mix of GCC and international banks and the bank acknowledged its timely repayments despite challenges, underscoring the strength of the bank and its debt to equity position.

Jassim Al Seddiqi, Chairman of the Board of GFH, said the repayment, GFH frees up further assets pledged under the Sukuk for potential disposal.

As of July 2018, GFH has financing liabilities of $125 million compared to $ 1 billion during corresponding period of 2008.

© 2018 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.