Gulf Finance House reaches loan deal

11 February 2010

Bahrain-based Islamic investment firm, Gulf Finance House (GFH) has reached an agreement with lenders to defer repayment on one third of a $300m loan for six months, Reuters has reported. GFH replaced the $300m Murabaha loan maturing on February 10 with a new six-month $100m facility, having repaid the other $200m.

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