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GFH
Type Private
Website gfh.com
GFH Financial Group, previously known as Gulf Finance House, is an Islamic investment
bank with headquarters in Bahrain Financial Harbour, Bahrain.[1]
One of its most notable investments is a 25% stake in the UK Football League
Championship club Leeds United [2] through their wholly owned subsidiary, Dubai-based GFH
Capital, having initially acquired 100% ownership of the club from Ken Bates in December
2012.[3] On 7 February 2014 GFH Capital announced that they had exchanged contracts for the
sale of Leeds to Massimo Cellino's family consortium 'Eleonora Sport Ltd'. The deal saw the
Cellino family acquire a 75% ownership of the club in April 2014 after winning an appeal
against the Football League's decision initially to block the sale.[4]
Contents
[hide]
1History of GFH
2Services
3GFH major investments
o 3.1Real Estate Development Projects[7]
o 3.2Corporate Investment Projects[8]
o 3.3Real Estate Investment[9]
4See also
5References
History of GFH[edit]
GFH was established in the Kingdom of Bahrain in 1999 under a license granted by the Central
Bank of Bahrain (CBB). Since its inception, GFH raised over US$5 billion of investments. The
bank carries on its business activities in accordance with the principles of Islamic Sharia,
including financial services investment and commercial transaction, negotiable financial
instrument, real estate and infrastructure; in addition to structured
finance, securities and liquidity management designed to achieve profitable returns for
investors.
GFH was transferred to a Public Shareholding Company in 2004 with its shares being listed on
the Bahrain Stock Exchange, Kuwait Stock Exchange and Dubai Financial Market. In 2007,
GFH listed its GDRs on the London Stock Exchange.
In November 2014, GFH released a new identity when it moved from being an investment bank
to a financial group. The new name for the group was GFH Financial Group.[5]
Services[edit]
GFH's business lines cover aspects of financial services from financial and investments to
commercial banking operations. GFH's range of activities are Real Estate
Development, Commercial Banking, Wealth Management and Asset Management. GFH splits
its asset management activities into two areas: Corporate Investment & Real
Estate Investment.[6]
See also[edit]
List of banks in Bahrain
References[edit]
1. Jump up^ "GFH New Brand". Gulf Daily News. 22 Nov 2014.
2. Jump up^ "Cellino given go-ahead to purchase Leeds United".
Reuters. 5 April 2014.
3. Jump up^ "Leeds United: GFH Capital completes takeover".
BBC. 21 December 2012.
4. Jump up^ "Leeds United: Massimo Cellino wins takeover
appeal". BBC. 5 April 2014.
5. Jump up^ "GFH New Branding". Gulf Daily News.
Retrieved Nov 17, 2014.
6. Jump up^ "Range of Activities" (PDF). Gulf Finance House.
Retrieved 14 July 2015.
7. Jump up^ "Real Estate Development" (PDF). Gulf Finance
House. Retrieved 14 July 2015.
8. Jump up^ "Corporate Investment Projects" (PDF). Gulf Finance
House. Retrieved 14 July 2015.
9. Jump up^ "Real Estate Investment" (PDF). Gulf Finance House.
Retrieved 14 July 2015.
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This page was last edited on 15 July 2017, at 05:22.
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