GFH to list $200m sukuk on Nasdaq Dubai
Bahrain-based Gulf Finance House plans to list its upcoming $200 million (Dh734 million) sukuk on Nasdaq Dubai. The company said in a statement to Dubai Financial Market that it has signed a Memorandum of Understanding with the Dubai bourse to list the Islamic bond. GFH said it plans to use the proceeds from the sukuk to repay current outstanding sukuk of $84 million and undertake business acquisitions for financial consolidation and project development in Bahrain and Dubai. The $200 million sukuk will take place in the coming months and a date will be announced later after the approval by the regulatory authorities.
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