GFH recapitalization announcement
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Gulf Finance House ("GFH"), the Bahrain based Islamic investment bank, announced today that it has published the notice to shareholders for convening a general meeting in order to approve its recapitalization plan.
During the meeting, shareholders will be asked, amongst other matters, to approve the four to one consolidation of shares, a reduction in paid up capital and the issuance of an equity linked convertible Murabaha of up to $500 million.
GFH has also requested the exchanges to suspend its shares from trading during this period in order to avoid undue speculation and protect the interest of its shareholders.
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