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GFH raises capital by 30%
- Kuwait: Wednesday, December 28 - 2005 at 08:46
Kuwait-based Gulf Finance House is raising its capital by 30% through a rights issue to existing shareholders. Shares will be offered at a premium of $1.03 over a par value of $0.34. The bank says it wants to expand its geographical reach and diversify income streams and its asset base to take advantage of new opportunities.
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James McInerney, News EditorWednesday, December 28 - 2005 at 08:46 UAE local time (GMT+4)
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