Bahrain’s GFH acquires $200 mln sukuk from Al Rajhi Bank

02/10/2018 Argaam

 

Bahrain’s GFH Financial Group has signed an agreement to acquire $200 million worth of Islamic sukuk from Al Rajhi Bank, the financial group said in a statement Tuesday.

 

The sukuk, linked to Villamar Sukuk Company Limited, were issued in 2008 to finance the company’s Villamar project in Bahrain.

 

The acquisition is expected to reflect positively on the group’s H2 2018 results, the statement added.

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