GFH repays US$45 million of debt

Press release

Published August 2nd, 2016 - 05:45 GMT

Mr. Hisham Alrayes, CEO of GFH Financial Group

GFH Financial Group (GFH), the Bahrain based financial group, today announced that it has repaid US$45 million to its debt syndicates. This repayment represents more than 25% of the Group’s outstanding facilities. GFH outstanding syndicated facilities now stand at US$105million only, whilst GFH total equity is US$ 700 million.

Commenting, Mr. Hisham Alrayes, CEO of GFH Financial Group, said, “We are pleased to continue to strengthen our balance sheet with the scheduled repayments to debt holders. We have been able over last few years to deleveraged significantly, having had liabilities in excess of US$1 billion in 2008 compared to US$105 million only now. Our debt to equity ratio of 0.15 is a testament to this. Our debt holders have been extremely happy with GFH performance.

Today, GFH is a strong, liquid and adequately capitalized Group and through our sound commercial and investment banking we are set to unlock GFH future.”

Background Information

Gulf Finance House

GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognised internationally for over a decade. GFH has developed a strong and consistent ability to identify, successfully bring to market and capitalise on a wide range of solid investment opportunities in some of the world’s most dynamic markets and sectors. This approach signifies the Group’s investment insights and commitment to increase the value of its assets, and financial returns to its investors and shareholders.