30/07/2018 08:28 AST

Gulf Finance House said on Sunday it has fully settled its $200 million (Dh734 million) sukuk, which was originally drawn in 2007. The facility,which was payable over several tranches with final maturity in July 2018, has now been settled with a recent payment of an outstanding amount of $34 million, the GFH said in a statement posted on Dubai Financial Market’s website.

GFH posted a 9 per cent increase in its consolidated net profit for the first quarter to March.

The total net profit rose to $36.89 million (Dh135.5 million) in the three months to March up from $33.55 million in the first quarter of 2017.


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