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Article: GFH unveils rights issue offer price of Dh1.39.

Article from:
Gulf News (United Arab Emirates)
Article date:
October 10, 2009
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Manama: Gulf Finance House, a Middle Eastern Islamic investment bank has announced the details of its forthcoming capital raising exercise. The bank will offer up to 907,898,065 shares at a price of $0.38 (Dh1.39) a share.

The offering period will open on October 15 and close on October 29 with an allotment date of Nov-ember 5.

All shareholders registered in the bank's shareholder register with the Registrar on the record date, set for tomorrow, will be eligible to take part in the rights issue with a rights entitlement of 19 shares for every 20 held.

Bank of America Merrill Lynch has been retained as financial adviser and corporate broker to ...

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