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GFH plans rights issue

31/03/2010 12:07:00 PM GMT 

31 March 2010

Islamic invest-ment bank Gulf Finance House (GFH) plans to raise $345 million this month through a rights issue that will offer shareholders a 36 per cent discount over its current share price.

GFH, which specialises in financing for large real estate and infrastructure projects and announced plans for the rights issue last August, said in a statement it would offer around 908 million shares at $0.38 per share.

© 7Days 2010

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