IslamicFinance.de

GFH shareholders approved plans to raise up to $500 million through a convertible Murabaha to strengthen capital base and fund growth strategy, a 4:1 share consolidation and other capital reduction measures, and an increase in GFH’s stake in Khaleeji Commercial Bank.
The GFH growth strategy will focus on the creation, development and management of Islamic financial institutions offering a range of financial products and services to corporate and retail clients, enabling a more stable business model of recurring revenues.