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, it said on Tuesday.
had been acting CEO since March 2012, the statement to the Dubai bourse said.
sharia-compliant investment house was hit hard by the global financial crisis
and it was forced to restructure a number of debt facilities - some more than
once - since 2009.
told Reuters 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
current debt pile was less than $235m, Tuesday's statement added.
GFH Capital, a Dubai-based unit of Gulf Finance House, bought Leeds United in December last year following lengthy negotiations, but sold more than half of its 100 percent holding less than six months later.