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GGICO signs debt restructuring with creditors
(Gulf News - 30/09/2017)

Dubai-based Gulf General Investment Co. PSC (GGICO) announced that it has completed a Dh2.1 billion ($584 million) debt restructuring after obtaining agreement from the majority of its creditors. Abdalla Juma Al Sari, Chairman of the company, believes

UGH listed after acquiring UGB listed shares
(BNA - 29/09/2017)

Bahrain Bourse (BHB) has announced the listing of United Gulf Holding ‘UGH’ Company post reorganization of the activities of United Gulf Bank ‘UGB’ as approved by the Central Bank of Bahrain (CBB), under which UGH acquired 100% the listed shares of UGB.

Delisting of United Gulf Bank B.S.C. (UGB) shares from Bahrain Bourse
(Bahrain Bourse - 28/09/2017)

Bahrain Bourse hereby announces the delisting of United Gulf Bank (UGB) from BHB’s mainboard market. Following to the Resolutions of the Extraordinary General Meeting held on 25/09/2017 and after receiving BHB’s Board approval and the Regulatory no

Waha Capital acquires a stake in Dubai based fintech firm
(Gulfnews - 28/09/2017)

Waha Capital, an Abu Dhabi-based investment firm has acquired a significant minority stake in a local fintech company valued at $55 million, the company executives said on Wednesday. Waha is taking a minority stake in Dubai based Channel VAS, a rapidly

Waha Capital takes significant minority stake in Channel VAS
(Press Release - 27/09/2017)

Waha Capital, a leading investment company based in Abu Dhabi, has acquired a significant minority stake in Dubai-based Channel VAS, a rapidly growing financial technology company. Waha Capital’s new investment is approximately USD 55 million. Channel

Investcorp presses ahead with its strategy of growth
(Biz Bahrain - 27/09/2017)

Mohammed Al-Shroogi, Co-CEO at Investcorp, a leading provider and manager of alternative investment products, confirmed today that the Firm is well positioned to deliver on its ambitious strategy of growth following the strong set of results reported in

GFH’S credit ratings and ‘stable’ outlook affirmed
(Saudi Gazette - 27/09/2017)

GFH Financial Group (GFH) announced Tuesday that Capital Intelligence Ratings (CI Ratings), the international credit rating agency, has affirmed its Long-Term Rating at ‘BB’ and the Short-Term Rating at ‘B’. The Outlook for GFH’s ratings remains

GFH Financial Group’s ratings affirmed with a ‘Stable’ Outlook
(CPI Financial - 26/09/2017)

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed GFH Financial Group’s (GFH or the Bank) Long-Term Rating at ‘BB’ and the Short-Term Rating at ‘B’. The Outlook for GFH’s ratings

Investcorp announces $350m deal
(The Peninsula - 26/09/2017)

Investcorp, a leading provider and manager of alternative investment products, today announced that its US.-based real estate arm has invested in six multifamily properties in Florida and Arizona, for a total purchase price of approximately $350m. The

Kuwait's Alafco closes $300m murabah facility
(Trade Arabia - 17/09/2017)

Kuwait's Aviation Lease and Finance Company (Alafco) said it has successfully closed an agreement for a three-year syndicated Murabaha facility for $300 million. The transaction has been advised by KFH Capital Investment Company with participation from

Shuaa Capital to start construction on new tower by year-end
(Gulfnews - 17/09/2017)

Shuaa Capital said it is aiming to begin construction on its recently-announced $400-million (Dh1.5 billion) tower by the end of this year, with residential sales expected to be launched in the first quarter of 2018. The project, which will be managed by

GFH Capital sells prime US property for $43m
(Trade Arabia - 14/09/2017)

GFH Capital, a subsidiary of Bahrain-based GFH Financial Group (GFH), said it has successfully completed the sale of one of the properties in its diversified US residential portfolio in Atlanta for $43.45 million. The portfolio has been acquired three

GFH completes $43.45 million exit of us Atlanta Property
(Biz Bahrain - 14/09/2017)

GFH Capital, the subsidiary of GFH Financial Group (“GFH”), today announced that it has successfully completed the sale of one of the properties in its Diversified US Residential Portfolio (“DURP” or “portfolio”) in Atlanta with a sale value of exceeding

ALAFCO successfully closes syndicated Murabaha facility
(Arab Times - 13/09/2017)

Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million. The transaction has been advised by KFH Capital Investment

Shuaa Capital plans mixed-use tower in Dubai
(Trade Arabia - 12/09/2017)

Shuaa Capital, a premier financial services company in the UAE, has revealed plans for a skyscraper that will be a new landmark in one of Dubai’s most dynamic and coveted neighbourhoods. Located in the heart of Dubai on Sheikh Zayed Road and in close

Shuaa Capital to manage development of Dh1.5b tower
(Gulfnews - 06/09/2017)

Shuaa Capital on Tuesday announced that its real estate asset management division will be managing the development of a new mixed-use Dh1.5 billion skyscraper on Shaikh Zayed Road, Dubai. The project, details of which will be unveiled at next week’s