GFH honoured for major sukuk deal

MANAMA: GFH Financial Group has been named the best Islamic investment bank in the Middle East and Africa region at the MEA Finance Awards, which took place at Dubai’s Ritz Carlton JBR.

Collecting two awards in the presence of the region’s investment and financial community, including ‘Best Sukuk Deal of the Year’ and ‘Best Investment Bank – Islamic’, GFH’s management team praised the group’s efforts over the last two years.

Salah Sharif, chief operating officer at GFH, said the silverware “is a testament to our team’s unshakable determination during the strongest imaginable headwinds.”

The MEA Finance Awards recognise financial institutions and industry individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their customers.

GFH was recognised for its landmark $300 million sukuk, which was listed on the region’s international exchange during the pandemic year. The sukuk marked GFH’s entry into the international debt capital markets.

The capital raised supports the expansion of GFH’s activities, enhancing the financial position of the group and funding its next phase of growth.

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