Gulf Finance House to delay repayment of $100m loan further

06 July 2010

Bahrain-based Gulf Finance House is in talks to delay the repayment of a $100m loan maturing in August by up to three years, Reuters has reported. This is the second extension to the Shari'ah-compliant Murabaha loan as GFH struggles to sell assets and meet its debt obligations. The Islamic investment house expects to finalise the agreement before maturity on August 10, GFH said in a statement.

A MEED Subscription...

Subscribe or upgrade your current 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.

Get Notifications