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Khaleeji Commercial Bank's OGM nods to agreements with GFH

Khaleeji Commercial Bank's OGM nods to agreements with GFH
The bank signed a SWAP agreement worth BHD 46.4m with GFH
GFH
GFH
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Mubasher: The ordinary general meeting (OGM) of Khaleeji Commercial Bank has approved the agreements signed with GFH Financial Group, according to the bank's disclosure to Bahrain Bourse on Thursday.

The bank signed a SWAP agreement worth BHD 46.4 million with GFH for financial and investment assets.

In addition, the bank reached an agreement with GFH for the issuance of BHD 60 million Additional Tier 1 with a premium of BHD 12 million and underwriting fees of BHD 12.1 million to be fully subscribed by GFH.

GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).