Bahrain's GFH names Rayes as permanent CEO - statement
Gulf Finance House , the Bahrain-based investment firm which has restructured a number of debt facilities since the financial crisis, has confirmed Hisham Al Rayes as its chief executive officer. Rayes had been acting CEO since March 2012. He said in July that a leaner balance sheet and a new strategy in which it engaged more in its investments would help drive the business forward in future. Its current debt pile is less than $235 million.
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