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Gulf Finance House to offer rights issue
- Bahrain: Saturday, October 10 - 2009 at 10:15
Bahrain-based Gulf Finance House has unveiled its plans to raise capital to the market and will offer up to 907,898,065 shares at an offer price of $0.38 a share. The offering period will open on October 15th 2009 and close on October 29th 2009 with an allotment date of 5th November 2009. Bank of America Merrill Lynch has been retained as financial advisor and corporate broker to Gulf Finance House. KPMG will be the issue managers and both Khaleeji Commercial Bank (Bahrain) and Commercial Bank of Kuwait (Kuwait) hav been appointed as receiving banks for the capital raising exercise.
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Medilyn Manibo, Assistant News EditorSaturday, October 10 - 2009 at 10:15 UAE local time (GMT+4)
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