IslamicFinance.de

Bahrain's Gulf Finance House will study the continuation of its equity listings in London and Kuwait. The investment firm is listed in four places, a potentially costly arrangement: Dubai Financial Market, where its shares are often the market's most heavily traded, Bahrain, Kuwait, and London in the form of global depository receipts. Moreover, shareholders approved reducing the firm's capital to $598 million from $1.49 billion to eliminate accumulated losses, and the company will change its name to GFH Financial Group. GFH did not give details of what its review would involve or say when it might be completed.