VOL. XLVI

No 51/52

22/29-December-2003

REGIONAL BANKING

BMA Grants Gulf Finance House License For Banking Subsidiary

The Bahrain Monetary Agency (BMA) has granted a license to Gulf Finance House (GFH) to establish a full commercial banking subsidiary that will conduct real estate transactions, the Gulf Daily News reported on 15 December. The new subsidiary will have a capital of $80mn and will offer financing and investment product dealing with real estate. It will also function in accordance with...