Gulf Finance House - Bahrain

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Recent Press Releases

• Ahmed Fahour appointed as Gulf Finance House new Chief Executive Officer20 July 2009

  Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank is pleased to announce today that it has appointed Mr. Ahmed Fahour as its new Chief Executive Officer based in Bahrain. Mr. Fahour is the former Executive Director and CEO for the Australian operations at National Australia Bank.

• GFH announces first quarter results19 May 2009

  Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank announced its first quarter results of 2009.

• Kazakh National Oil Company KazMunaiGas announce major presence at GFH conceived ‘Caspian Energy Hub’21 April 2009

  KazMunaiGas (KMG), the national oil company of Kazakhstan today announced its intention to establish a major presence at Caspian Energy Hub (CEH), the fourth in a series of energy cities conceived by leading GCC Islamic investment bank Gulf Finance House.

• GFH advised UK Sharia’a Equity Fund breaks UK all companies sector top 1024 March 2009

  The INSYNERGY UK Sharia’a Growth Fund, advised exclusively by Gulf Finance House’s Asset Management division has broken into the top ten of 297 competing funds in the IMA UK All Companies sector for performance in 2009.

• Gulf Finance House buoyed by Standard & Poor's 'BBB-/A-3' rating affirmation1 February 2009

  Gulf Finance House, the leading Middle Eastern Islamic investment bank has had its BBB-/A-3 rating affirmed by international credit rating agency Standard & Poor's (S&P).

• GFH announces annual profits of US$ 291 million29 January 2009

  Gulf Finance House has today announced year end profits of US$ 291 million which represent a reduction of 14% on 2007.

• GCC economies feeling the pinch of global financial turmoil, says GFH economic report19 January 2009

  The global financial turmoil has, at last, ended the boom cycle in most GCC states, says a key economic research report issued by Gulf Finance House (GFH).

• Energy City Libya masterplan unveiled9 November 2008

  Gulf Finance House, the Islamic Investment Bank renowned for the conception of world class economic infrastructure initiatives has today unveiled the master plan for Energy City Libya.

• GFH announces record profits of USD 302 million for first nine months of 200823 October 2008

  Gulf Finance House has posted record profits of USD 302 million for the first nine months of the year compared to US$ 231 million profits recorded during the same period in 2007.

• Gulf Finance House Real Estate Asset Management Team announces results of UK commercial property study28 May 2008

  GFH's has always maintained a keen interest in UK commercial real estate. Indeed GFH were a pioneer of Shar'ia compliant UK commercial real estate when we launched the Gulf Atlantic Real Estate Fund that was successfully raised, invested and exited with excellent profits for investors.

• Gulf Finance House declares 95 per cent dividend for 2007; 85 per cent in cash and 10 per cent in bo17 February 2008

  Gulf Finance House (GFH) announced today that the Board of Directors has approved a dividend payout of US$ 227 million for the fiscal year 2007 - 95 per cent of the par value of the paid-up capital - on the back of the excellent results last year with net profit up 61 per cent at US$ 340 million.

• Global financial major Merrill Lynch raises price objective for Gulf Finance House stock15 January 2008

  Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies today raised price objectives for Gulf Finance House, while it strongly maintained its "Buy" recommendation for Gulf Finance House (GFH) stock, raising the 12 month price objective from US$37 to US$46 per GDR and US$4.6 on the Bahrain listed local shares.

• GFH arranges sale of majority stake in the financial centre at Bahrain financial harbour to Bahraini10 December 2007

  Emar Bahrain secures ownership and control of the Harbour Towers and Harbour Mall at the region's new Financial District.

• Gulf Finance House raises over US$630 million of private equity funding for Energy City India projec22 October 2007

  GFH's client base sends strong signal of confidence in GFH's investment strategy in India.

• Banyan Tree Al Areen introduces special Ramadan Desert Delights19 September 2007

  With the onset of the Holy Month of Ramadan, Banyan Tree Desert Spa & Resort - Al Areen has introduced special Ramadan Desert Delights as part of the culinary feasts that commence with each Iftar.

• Khaleeji Commercial Bank reports BD8.1 million in net profits for the first half of the year8 August 2007

  Khaleeji Commercial Bank (KHCB) announced excellent financial results of BD 4.1 million in net profit for the second quarter of 2007, taking net profit for the half year ended in June 30^th, 2007 to BD 8.1 million, an increase of 57% compared to BD5.1 million reported for the same period last year.

• Gulf Finance House reports strong second quarter 2007 results23 July 2007

  Gulf Finance House today announced its financial results for the three months ended June 30, 2007, reporting a net profit of US$73.6 million, a 24% increase over the US$59.5 million net profit reported for the corresponding period last year.

• Gulf Finance House completes U.S $200 million sukuk bond issue20 July 2007

  Strong demand from international investors despite difficult market conditions which saw the withdrawal of a number of Sukuk and Bonds by international and regional banks.
  

• Gulf Finance House GDR taken up by European and North American institutional investors - trading sta1 July 2007

  Shares close at US$2.50 per share on first day of conditional dealing, unconditional dealings to commence on 4 July 2007.

• Group of regional banks and private institutions buy 30% of Khaleeji Commercial Bank from GFH25 June 2007

  Gulf Finance House (GFH) today announced that a group of regional financial institutions have purchased 30 per cent of the shares of its fully-owned subsidiary based in Bahrain, Khaleeji Commercial Bank (KHCB).

• Gulf Finance House Global Depositary Receipt prospectus published18 June 2007

  Offer price range set at US$2.50 to US$3.00 per share.

• IMEX Holdings LLC appoints new CEO for first energy exchange in Qatar – IMEX6 June 2007

  International Mercantile Exchange Holdings LLC, the promoters of the first energy exchange in Qatar - IMEX - today announced that it has appointed Steve McMillan as the CEO of IMEX.

• Kuwait Investment Company predicts surge in GCC investment into Indian real-estate development secto5 June 2007

  Kuwait Investment Company (KIC) has forecast that there will be a substantial increase in GCC investment into India over the next three years.

• Gulf Finance House & Abu Dhabi Investment House launch two pioneering Sharia’a compliant Crude Oil I27 May 2007

  Gulf Finance House (GFH), the leading Islamic investment bank and Abu Dhabi Investment House (ADIH), a well known financial institution in the region, today announced the launch of two Sharia'a compliant Crude Oil Funds that will enable investors to benefit from price movement of crude oil throughout a two year investment period.

• Khaleeji Commercial Bank raises its share capital by BD 70 million21 May 2007

  Share capital increases to BD 100 million.