VOL. XLII

No 44

1-November-1999

BAHRAIN

Gulf Finance House Established In Bahrain With $65Mn Paid-UpCapital

A group of Gulf investors announced on 16 October that theyhad established a new Islamic financial institution, Gulf Finance House (GFH).According to a statement issued by GFH, the new investment bank has anauthorized capital of $150mn, a paid-up capital of $65mn and includes majorityshareholders from different GCC countries. Those that have subscribed to astake worth more than $5mn...