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FINANCIAL NEWS
Bahrain’s GFH Group repays USD300mn loan
25 Dec 2016
(MENAFN) Bahrain-based GFH Financial Group proclaimed that it has repaid the whole USD300mn, which was drawn in 2006 to its debt syndicates.
Furthermore, the facility, which was payable on a yearly installment basis, has now been settled with a current payment of an amount of USD29mn.
In addition, the facility had participation from a mix of GCC and global banks, which were pleased by GFH”s repayment capability amid the repayment period.
The group has been able to deleverage over the last few years, having had consolidated financing liabilities in excess of USD1bn in 2008 compared to USD112mn recently.
M
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