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.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.