Published: Aug 27, 2014
Source: Emirates 24|7

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GFH obtains Dh385m loan facility; rating improves

Credit facility to be used to repay existing loan

Bahrain-based investment bank Gulf Finance House (GFH) on Wednesday said it had obtained a $105 million (Dh385m) loan facility from Kuwait Finance House (Bahrain) to repay its existing loan.

The company said in a statement to Dubai Financial Market that the 5-year facility, which will be extended to GFH on an amortised basis and with an 18-month moratorium, will be utilised to redeem two existing debt facilities with 27 syndicated participants and allows the release of major assets for GFH. Read more>>>

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