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FINANCIAL NEWS
Bahraini GFH repays USD37.5m of debts
06 Oct 2015
(MENAFN) Bahraini financial group GFH Financial Group (GFH) announced that it has repaid a total of USD37.5 million to its debt groups.
The repayments are in addition to USD33 million paid by GFH to its debt holders in 2014, and represents more than 30 percent of the Group’s outstanding facilities.
“Over the last seven to eight years, we have deleveraged significantly, having had liabilities in excess of USD1 billion compared with the current USD137 million,” CEO said.
Currently, the group has outstanding debt of USD137 million under three facilities to be repaid on an amortized basis through the 2018/2019 financial year.
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