GFH Plans to Forge Strategic Tie-up with Macquarie Group

DUBAI — Gulf Finance House, or GFH, a leading Middle Eastern Islamic investment bank, has announced that it intends to establish a joint Islamic financial services platform in the Middle East with Macquarie Group Limited, or Macquarie, a global provider of banking, financial, advisory, investment and funds management services.

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Published: Tue 25 Aug 2009, 10:51 PM

Last updated: Sun 5 Apr 2015, 9:34 PM

The platform will offer a broad range of wholesale Shariah compliant financial services solutions to the Middle East and North Africa region.

The proposed partnership, which is subject to board, internal, and regulatory approvals of both companies, includes a joint presence in the region and approximately $100 million convertible murabaha investment by Macquarie in GFH as part of GFH’s current capital management initiatives.

· business@khaleejtimes.com


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