The Bahrain News Agency has reported that Gulf Finance House (GFH), an Islamic investment bank, has signed an agreement for a US$105
million credit facility from Kuwait Finance House - Bahrain
(KFH-Bahrain).
The five-year facility, which will be extended to GFH on an amortised
basis and with an 18-month moratorium, will be utilised by GFH to
redeem two existing debt facilities with 27 syndicate participants and
allows the release of major assets for GFH.