GFH fully settles $200m #sukuk
Gulf Finance House (GFH) has fully settled its $200 million (Dh734 million) sukuk, which was originally drawn in 2007. The facility, which had its final maturity in July 2018, has now been settled with a recent payment of an outstanding amount of $34 million. GFH posted a 9% increase in its consolidated net profit for the first quarter to March. The total net profit rose to $36.89 million (Dh135.5 million) in the three months to March up from $33.55 million in the first quarter of 2017.
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