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Article: Bahrain : Gulf Finance House: receipts from the rights issue have now crossed the $200 million mark.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: babalu03
Bahrain-headquartered Gulf Finance House (GFH)Gulf Finance House (GFH), a leading Middle Eastern Islamic investment bank, said receipts from the rights issue have now crossed the $200 million mark. The news comes just days after the bank confirmed it had received approximately $150 million from the capital raising exercise, which means GFHGFH has now met its target of between $200 and $300 million in fresh capital from the rights issue, a day before its close on Thursday (Oct. 29). The rights issue is a major contributor to the broader GFHGFH capital management plan that includes the planned placement of a $100 million ...