Wednesday 03, October 2018 by Kudakwashe

GFH to acquire $200 million Sukuk from Al Rajhi Bank

 

 The Sukuk was issued in 2008 to finance the iconic Villamar project in Bahrain.

GFH Financial Group (GFH) has announced that it has agreed to acquire $200 million of Villamar Sukuk Company Limited Shari’ah-compliant Sukuk certificates from Al Rajhi Bank. 

In a statement, the acquisition is expected to reflect positively on GFH’s financials during the second half of 2018, due to the agreed discount for this transaction.

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