GFH repays $25 million

Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33m so far this year. In a statement to the Bahrain Bourse, the bank said this represents more than 15pc of its total outstanding facilities. The repayments highlight its ongoing commitment to meeting obligations to debt holders in line with the restructuring terms concluded in 2012 and the subsequent business plan, GFH said. The bank's outstanding facilities today stand at $169m, representing a leverage ratio of close to 0.28.