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Bahrain’s GFH raises capital to $1.37bln

Bahrain’s GFH raises capital to $1.37bln
Photo Credit: Arabianeye-Reuters
GFH
GFH
-1.79% 1.10 -0.02

Bahrain Bourse announced on Thursday that Gulf Finance House (GFH) capital was raised to $1.374 billion.

According to the bourse statement, the increase results from issuing 231,103,187 shares, starting Sunday, February 1, 2015. The issuance was approved by the company’s extraordinary general meeting dated April 14, 2014.

Thus, the total number of issued and paid-in shares will be raised from 4,956,464,647 to 5,187,567,834. Capital will be increased from $1,313,463,132.46 to $1,374,705,476.01.

Photo Credit: Arabianeye-Reuters