MANAMA: Bahrain-based Gulf Finance House (GFH) has signed a MoU with NASDAQ Dubai to list its new Sukuk of $200 million, according to the bank.
“GFH 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 statement added.
“The issuance of GFH’s $200 million Sukuk will take place in the coming months at a time to be announced, subject to regulatory approvals.”
In April 2014, GFH obtained the shareholders’ approval for Sukuk issuance or new debt facilities of up-to $500 million.