04/07/2007 Exchange is delighted to welcome Gulf Finance House B.S.C. to the Main Market.
4 July 2007
The London Stock Exchange is delighted to welcome Gulf Finance House B.S.C. to the Main Market.
Gulf Finance House was founded in 1999 in the Kingdom of Bahrain as an Islamic investment bank. GFH is a regional leader in Shari'a compliant investment banking in the Gulf Cooperation Council ("GCC") countries. It conceives and originates development infrastructure projects in the GCC and other emerging markets, as well as private equity opportunities and various asset management funds and places them with its clients in the GCC region.
GFH’s core product offering, from which it generates the majority of its revenue and profit, is the conception, high level planning and arrangement of development infrastructure projects in the GCC region, the wider Middle East and North Africa ("MENA") region and other emerging markets.
In addition to the core development infrastructure projects, other major product offerings comprise private equity investment in Islamic financial institutions and other sectors in the GCC and wider MENA region; asset management of a range of funds; and banking products of the GFH subsidiary, Khaleeji Commercial Bank, B.SC.(c), or KHCB.
Its strong placement capability in the GCC region supports and drives the continued growth of GFH’s business in these product areas. It focuses on providing a high level of personal service to its client base of institutions and high net worth individuals in the region.
Commenting on the GFH listing, Dr. Fuad Al-Omar, Chairman of GFH, said today:
“GFH is proud to be listed on the London Stock Exchange. This is a significant event for GFH at an important point in our development. International capital markets are vitally important to the long term development of GFH and our listing will form an important part of our strategy going forward. On behalf of the board, I would like to take this opportunity to thank all of those involved in our listing for their hard work and to welcome our new shareholders.”