GFH gets $100 million financing from Deutsche Bank

Bahrain-based Gulf Finance House (GFH) has received $100 million in a convertible Murabahah facility from Deutsche Bank, the company announced in a statement to the Bahrain bourse on Sunday.

GFH received similar Islamic financing valued at $100 million from Australia-based Macquarie Group Ltd. earlier this year.

In August, the Bahraini central bank approved a capital increase of approximately $500 million, GFH said. It included a rights offer valued over $300 million, and the 10 percent sale of its 15 percent share in QInvest to Qatar Islamic Bank for $51 million.