MANAMA: Bahrain-based Gulf Finance House (GFH) said it has completed the capital increase as approved by the shareholders.
“We would like to announce to its shareholders and the markets the completion of its capital increase programme aimed towards projects developments and acquisitions, which was approved by the extraordinary general assembly on April 14, 2014,” the bank in a statement said.
“GFH has, through such programme, successfully improved its liquidity and achieved a stronger financial position. This has transformed the Bank’s operational activities, which will facilitate the Bank in achieving its intended acquisitions plans and generate sustainable revenues and returns.”
“On this occasion, we would like to take this opportunity to thank our shareholders for their continued support and confidence in GFH, which helped the Bank to progress and achieve its desired results.”